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RE: BTC Wedge Broke to the Upside - Long-term BTC Analysis Oct 16, 2018
Steem is in the running to win a listing on the netcoins cryptocurrency ATM network. The webpage says they have over 149,000 retail outlets worldwide. @ned wrote a post promoting Steemit user involvement in the vote. Do you have an opinion about Netcoins and what this listing would mean to us? I have the links on my blog.
It's nice but ATM integration is not what drives any cryptocurrency coin. Long-term such a thing would be nice since it in theory promotes wider adoption and use. But realistically, crypto is not viable as a currency for ATM's at present, or likely anytime within the next 10 years (in the US). As a currency, crypto is only slightly more convenient in certain countries where inflation is high and the local money is not trusted.
Crypto functions really nice as a worldwide currency accountability system, whereby if any countries get too ridiculous, the locals start favoring crypto. But like in the US, we'd never want it because having a predictable amount of inflation annually, is better than 300% increases followed by 50% declines in currency value.
But if STEEM gets the ATM selection, it could cause a temporary pop, it's not going to be the factor to drive it to $10 USD, though.
Thank you for your thoughtful analysis, I appreciate it.
Your balance is below $0.3. Your account is running low and should be replenished. You have roughly 10 more @dustsweeper votes. Check out the Dustsweeper FAQ here: https://steemit.com/dustsweeper/@dustsweeper/dustsweeper-faq