Interesting video I don't have time to watch it all but looking at it briefly the older guy talks about Steemit how Steem doesn't have an intrinsic value, a cashflow into it.
And I agree there, I also think that Steem at the moment is not in equilibrium, however I think a Social Media has intrinsic value and once some kind of commerce will be based on Steem, then that issue will be solved.
So this is not an issue, Steemit is still in growth phase and we already see many great services coming out being built on Steem, so the value of Steem is potentially still undervalued, relative to Bitcoin, not necessarily to the USD.
So while Steem can have a future growing economy, through the network effect, Bitcoin won't because bitcoin is disabled through the 1 MB block cap.
take your time to watch his vids, he talks in range of years and it has value. It takes kind of patience to filter what you are looking for, because he is interested in everything including aliens. For now Steem is still an asset of Steemit and not currency at all. Anyway I see that as big value, when pro advertisers starts to invest in it. For currency and store of value - it's not about rationality so much, rather about crowd move and technology of particular blockchain adapts later.
Interesting video I don't have time to watch it all but looking at it briefly the older guy talks about Steemit how Steem doesn't have an intrinsic value, a cashflow into it.
And I agree there, I also think that Steem at the moment is not in equilibrium, however I think a Social Media has intrinsic value and once some kind of commerce will be based on Steem, then that issue will be solved.
So this is not an issue, Steemit is still in growth phase and we already see many great services coming out being built on Steem, so the value of Steem is potentially still undervalued, relative to Bitcoin, not necessarily to the USD.
So while Steem can have a future growing economy, through the network effect, Bitcoin won't because bitcoin is disabled through the 1 MB block cap.
take your time to watch his vids, he talks in range of years and it has value. It takes kind of patience to filter what you are looking for, because he is interested in everything including aliens. For now Steem is still an asset of Steemit and not currency at all. Anyway I see that as big value, when pro advertisers starts to invest in it. For currency and store of value - it's not about rationality so much, rather about crowd move and technology of particular blockchain adapts later.