RE: The Conundrums and Paradoxes Inherent in Cryptocurrencies: A Non-Expert Exploration
These are exactly the issues that have been occupying my (more-than-your-techno-and-financially-illiterate) mind. I had heard about Bitcoin long before the 2017/8 spike and crash and also the system of barter or paying with crypto. In our village we still do a lot of bartering, but at the end of the day, bartering only takes you so far when you actually have to pay in local currency, via a traditional banking system for your mortgage, insurance and all sorts of other things. I do know that some folk on this platform do actually earn a living from what they do here, and I'm sure it's hard work. But they manage.
I'm beginning to think of Steemit as another / virtual country which is developing in a similarly dynamic way. This actually might be an interesting concept to explore.
Thanks for this. Gives me something to think about. When I'm in another meeting.
GTG and have a good day
Thanks for sharing your thoughts!
I like the metaphor of looking at Steemit as a "country," complete with its own set of headaches and problems... because that is pretty much how it seems things work around here.
That metaphor or of a village. I said to @zord189 the other day that Steemit is a microcosm of the real world. As you say.
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