Discuss Scratch

Twicane
Scratcher
47 posts

EdCoin - the digital currency that you don't keep track of!

Simpler14 wrote:

Teamactivecatz wrote:

I want a vault please. (I'll probably make my shop use EdCoins )
People might not like that shops cost EdCoins, because they are free, and it would be a downgrade

Well, most digital currencies on Scratch depend on the number of coins/unit of currency there is, So if there are more coins, it means that the value of them are lesser, Like bitcoin for example, last time, a coin is generated per some time, and given to a random person, lets say that coin is $1000 dollars, the random person sells the coin to someone for $1000 in return, something like, a giveaway. then, fast forward, and people will have around 5000 bitcoins, since there are a lot of coins already, the price will go down, since it would be unfair if they kept on giving people $1000 each. So bitcoin went down. But sometimes, it might skyrocket, I don't know the real cause of this. But, yeah. Here's my explanation.
Twicane
Scratcher
47 posts

EdCoin - the digital currency that you don't keep track of!

edward789121 wrote:

Twicane wrote:

Hey, I'd like a vault. Do you accept Paymate as a currency conversion method?
if i knew what it was and used it, yep.

https://scratch.mit.edu/projects/70982662/
here ya go
edward789121
Scratcher
500+ posts

EdCoin - the digital currency that you don't keep track of!

Twicane wrote:

Simpler14 wrote:

Teamactivecatz wrote:

I want a vault please. (I'll probably make my shop use EdCoins )
People might not like that shops cost EdCoins, because they are free, and it would be a downgrade

Well, most digital currencies on Scratch depend on the number of coins/unit of currency there is, So if there are more coins, it means that the value of them are lesser, Like bitcoin for example, last time, a coin is generated per some time, and given to a random person, lets say that coin is $1000 dollars, the random person sells the coin to someone for $1000 in return, something like, a giveaway. then, fast forward, and people will have around 5000 bitcoins, since there are a lot of coins already, the price will go down, since it would be unfair if they kept on giving people $1000 each. So bitcoin went down. But sometimes, it might skyrocket, I don't know the real cause of this. But, yeah. Here's my explanation.
Actually, it isn't like that! But you can always remind me of any scamming.
bigpuppy
Scratcher
1000+ posts

EdCoin - the digital currency that you don't keep track of!

Username: edward789121
Amount: 1 edcoin
Reason: because
edward789121
Scratcher
500+ posts

EdCoin - the digital currency that you don't keep track of!

bigpuppy wrote:

Username: edward789121
Amount: 1 edcoin
Reason: because
Why, thank you very much!
bigpuppy
Scratcher
1000+ posts

EdCoin - the digital currency that you don't keep track of!

edward789121 wrote:

bigpuppy wrote:

Username: edward789121
Amount: 1 edcoin
Reason: because
Why, thank you very much!
XD it's not that much

bigpuppy

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