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RE: @nolnocluap's Portfolio Update #8: Bullion For Steem, Exchange Restrictions, Lightning Network, Buying Crypto Again
Great article. It's true that popular hype was mostly driven by it's insane price action. We're now seeing Bitcoin take a short term beating on price so it may require the Lightning Network or some awesome new use case to revive the hype.
That is a very cool idea for trading Steem for bullion. Like you say it takes energy to create steemworthy content just like it takes energy to mine bullion. They're both commodities in a sense as well. Steem for operating the first truly decentralized social media platform and gold/silver have many thousands of years as a proven commodity.
How can we make this a reality? Some formal bulletin with Steem:Bullion offers?
Hi @john-robert, thanks for the thoughtful reply. It is exciting isn't it. To some extent I feel like there will be a natural evolution in the steem and bullion ecosystems. Currently, there is plenty of talk around the amalgamation of crypto and gold. Andy Hoffman's new endeavour is one example, so is goldmoney and so on. For those businesses such as Ainslie Bullion that capitalise on this nascent tech, times will be prosperous.