Are the coins minted in testnet valuable?

[fxsjy]

❓ Are the coins minted in testnet valuable?

Is the total amount of coins limited in testnet? Or, everyone can mint as many as they want?

[bioharz]

Short answer: I don't think so.

Long answer:
Well, let's define value. More specific, let's have a look intro supply and demand.
In an ordinary blockchain project like BTC or ETH, every testnet party can mint testnet coins. They are even many websites, to get free testnet coins.
And for developers, there is a real demand. But since they can mint the testnet coins pretty easy or get free coins on sites like coinfaucet.eu or faucet.ropsten.be, they don't pay real money for testnet coin.
In the case of libra, I don't know yet more specific details about the testnet.

[ghost]

About as valuable as the ones that will be on mainnet (not valuable)

[fxsjy]

@TechniumUnlimited , mainnet coin also has no value? Are you serious? :-)

[bioharz]

Very toxic environment at the moment on GitHub Libra issues. I don't see any objective arguments against Libra.
Many negative emotions from the crypto space. I really can't understand those emotions.

[Solexplorer]

@bioharz Crypto has always been like that

[bitcoinheiro]

This project is under scrutiny from all sides. It should be positive if it can survive all the scrutiny. Money triggers adversarial environment

[ghost]

@bioharz Centralized, Permissioned, Censorship-Inducing, "cryptocurrencies" (which is debatable whether any coin with the properties outlined even is valid to be called such) Will Never Have a Valid Place in the "Crypto Space" - and you can see clearly why, not only is it terrible for the average person, the government steps in immediately when there are single or few centralized points of control/attack, such as with this project. France, EU, and US Governments want total control over this and it's only been announced for 1 day. Not only that but you have to trust this consortium of some of the worst company's for liberty, privacy, and ethics in the entire world to not print money on demand for any purpose, spy/sell your data, and place undue restrictions on you.

Bitcoin was designed from the ground up to be decentralized, permissionless, trustless, and censorship resistant for this exact reason ^

[marczeller]

back to the question :
Libra testnet coins can be easily and without any kind of limitation minted out of thin air by anybody running the CLI client.
Based on that, I don't see how they can have any "market value".

[kphfb]

Testnet coins are simply for testing purposes. You are free to mint as many as needed for testing. They have no real-world value and in fact the balances will be periodically reset during testnet as we made changes/improvements to the system.

[antonio-fr]

"mint" command is a query to a faucet server. It is not actually "minted".