How does the early adoption of a cryptocurrency works? [on hold]
How does the early adoption of a cryptocurrency works? [on hold]
Let's assume that a cryptocurrency is launched tomorrow, and there is a fixed amount of 'pseudocoins'. At this stage nobody owns them, that is no coin has been mined. Further, users can obtain coins by exchanging them for goods or services. But, if there are no users in possession of coins at the early beginning of the system, how does the first exchanges of value with 'pseudocoins' happened? There must have been some sort of early process of distribution of coins at the early beginning.
Intuitively I suspect that:
Pase 1: Suppliers of value received 'pseudocoins' directly from the system (mined from the system).
Pase 2: Once all 'pseudocoins' are mined, then the exchange of coins is only between users.
Is this intuition correct?
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