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RE: Mission Accomplished -- Bitcoin Dead as a Payment Method
Yes but there is a tsunami of different cryptos coming to take over, most will not survive. Just interesting if steem is one of the successful ones
To me, Steem seems to have more value associated with it than most other crypto's. What IS a bitcoin? Other than a distributed means of exchange, it is nothing .. a buried token that someone has mined. What does it DO? Nothing. Steem is intellectual property, ideas, writing, a community, a news distribution network. I admit I have a hard time wrapping my head around the monetization/dollar model .. but there is something REAL associated with Steem.
I agree @xwalkran but I also see bitcoin having and continuing a big role in getting cyrptos main stream.
When I finally got onto steemit (delayed about 6 months), I immediately saw the vast potential on the platform.
No question bitcoin is the big one, right or wrong. Steem might surge if people ever demand their crypto be backed by something. Right now, no one is demanding that. Seems like a logical next step, when the newness of crypto wears off and people wake up to the idea that their digital tokens really should be backed by something (even if that something is more ethereal, like Steem, vs. say a PM-backed crypto.)