ok first of all, i hold a bag of CKB and from what i understand so far, its actually pretty badass, if the Nervos team pulls through. that being said, this is not intended to be a shill post, rather a slight bit of skepticism.....
ok from what i understand so far, 1 CKB equals 1 byte on the blockchain. and if you want to develop or put anything on the blockchain that takes up space, you will need CKB coins todo it, thus making them act as "virtual land" as well as a currency. ok cool....
...now lets say CKB does hit $1. and lets say someone wants to put, for example, an entire book on the blockchain. all the text takes up about 7000 bytes. that would equal 7000 CKB = $7,000.
$7000 to put a simple short story on the blockchain, wtf. but the value of CKB goes up the more developers build on it. but if the price goes too high, wont potential developers be discouraged from building on the platform, thus stagnating or lowering the price of the coin?
????♂️
TLDR: could CKB going up in price be actually bad for the coin?
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