Exactly. People are buying those coins because they believe other people will buy them, increasing their value.
Sounds like investors in Cursor.
Cursor was popular because it was reselling OpenAI at a loss, so for 20 USD / month you could consume 200 USD of tokens per day, but now it's over.
Founders (coins minters) are leaving the ship.
The last ones to leave the ship are going to be left holding the bag.
alt Hacker News
Sounds like investors in Cursor.
Cursor was popular because it was reselling OpenAI at a loss, so for 20 USD / month you could consume 200 USD of tokens per day, but now it's over.
Founders (coins minters) are leaving the ship.
The last ones to leave the ship are going to be left holding the bag.