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RE: How do we measure the value of a cryptocurrency?
I agree that many fiat currencies, including USD, are based only in the "faith" that they have any value at all. I think one thing keeping fiat alive is that there are no fees to transact it (at least physically).
I, for one, would like to see SBD become a viable currency. Until then, Bitcoin and Ethereum (however flawed) will remain pretty standard.
I don't think SBD will ever become one.
I also have some Cardano(ADA).
With systems like "WeChat" and "AliPay" creating social payment systems, I think Steemit has an unseen opportunity to become a global social currency. Especially if they perfect a mobile wallet.
I don't agree with @deanlogic, because the gain of SBD is may be larger than bitcoin. I am not also saying that it will be number one position within a limited time..... When bitcoin starts then there were no other coins ....
We can help SBD to reach number one....
The idea is quite good that provide @timeshiftarts is to be a social payment system. If it will accept..... Then SBD can reach number one position in future days....
What I find interesting about SBD currently is that it has a higher trading volume that is not tied to the bitcoin volume. To me that points to greater viability.
i dont write about that volume..... Just predict that it will be good it sbd pick social payment system....