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RE: Manna: Over 20K Approved For This Week's Distribution!!!
If there are twice the number of people signed up, wouldn't that mean that either people are getting half the payout... or the money runs out twice as quickly? How is this project funded? I'm not saying I'm against getting money, but it has to come from somewhere. :)
The value of Manna as of tonight was double what it was last week, so it could work out to be the same total dollar value per person this week.
Manna is backed by a 501c3 nonprofit and also has over $60,000 from investors so far.
Doubling over a week isn't bad. I hope you make a ton of money off it. :)
Cryptocurrency, like any technology, comes from the network effect.
If two people have fax machines, while useful to them, it is not a very valuable technology. Yet when there are 1B fax machines, it is.
Same with this. When two people have a currency, it has little value. But as more people have it...and especially start using it...then you should see the value of the token increase.
No different than STEEM.
Cool, I hope it goes well! Thanks for the explanation.