Sythe gold = BTC

Is sythe gold like btc. Im just saying the more people to post the more sythegold is created. When the sythe gold demand goes up the price goes up. But sythe gold can only go up my a fixed rate because of how often people post. Im not sure i just wanted a discussion on it. What does anyone else think

 

No. It is a currency, but has none of the technical features and standards Bitcoin has. It does not have an upper bound either: the more people post, the more Sythe gold there will be.

 

what even is sythe gold lol

 

^ second that thestorm321

 

I'm not quite sure you meant by this, but Sythe Gold holds as much value as the community deems it to. Currently it has very little use so people mostly only use it for gambling purposes. It has a steady income into the community through posts and likes but as far as I know no current way to expend it. The value of it will increase when/if uses for it are added. In the meanwhile, you shouldn't worry too much about it, but if an opportunity presents itself for you to get some it wouldn't hurt to hold onto it.

 

Nothing like BTC .

I heard it will be used in the RSPS, is this true?

 

To some extent you could say their similar, people farm BTC, people farm posts and in turn get Sythe gold.

There's a lot of differences, but Sythe gold is worth incredibly less than BTC.

 

Yes, sythegold will soon be added to Poloniex for trade and you will also be able to store it in coinbase!

Jokes aside there's an unpublished API to use sythegold with the RSPS to buy some cosmetic items.

 

This is a true story. I imagine it will be used for other things too.

 

Whats it worth atm/

 

what is syth gold worth?

 

i was thinking the same how much is it worth and how do i cash out

 

lol legit you guys must not read go to sand box thats where people but and sell sythe gold there is no "cash out" place lol i cant deal with this today haha

 

BTC is worth over 4k though...so I don't think they equal

 

I'm planning on dumping my Sythe gold at 2k