That might even be an economically very bad thing in the end.
It reminds me of Easter Island. The prevailing theory goes like this. The islanders made big stone heads (Moai) to honor some famous chiefs. Everyone was impressed. Then some rich bigwigs decide to make Moais for themselves. Then every Joe Shmoe with some money decided THEY wanted a Moai too. The island went nuts for Moais and they ended up cutting down all the trees on the island, destroying the ecosystem and the entire civilization collapsed and disappeared.
But... Moaicoins only go up!