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RE: Bro, does your coin actually make any money?
Aren't the real profitable mining tools the hardware? There's been enough market evidence (eg overinflated prices, rising stocks) to indicate a massive investment in the physical tools behind cryptos.
Considering a lot of newer coins won't require hardware intensive mining, their market is limited.
Binance on the other hand takes a slice of every trade, which is a bigger potential market.
I can't see a decentralised exchange having the same volumes anytime soon and when the technology becomes available to have that level of volume and speed, the Binance CEO has already committed to using it to decentralise
Very fair points, perhaps I got too hung up on the analogy. Regardless it's an interesting prediction and as a Binance user I hope there's some accuracy to it. I'd be surprised if the demand for high-end hardware completely left the crypto scene, but I agree, newer coins will likely never have the hardware demands we've seen with Bitcoin