RE: Downvote Pool Deep Dive
No. of wallets = correlated with the number of users = correlated with the noise those people create = correlated with the price
Why USD is stable and accepted as universal? Because 5.000.000.000 people know about it and use it.
Would you accept to make a business with Zimbabwe dollars instead?
Why, because nobody has any clue about that currency = it's not stable
problem that steem is solving is all predicated on what crypto is and isn't, and crypto is about removing the financial reins from the bankers
Wait... There is no problem. Banks are working fine. I get my salary on time, I can pay from/to the opposite side of the world, I can plan 30 years ahead. There is no fundamental problem, there are some aspects that could/should/will be improved.
The world is functioning without crypto, keep that in mind.
Can Ripple improve it a bit - yes.
Can we implement crypto in administration - yes
Gain more freedom in trading - yes
Should we replace FIAT with Crypto?
Unless we want a war that would last for 100 years across the globe - no
Not at all true. No. of wallets do no correlate to shit. I can open numerous wallets without any Bitcoins in them. Price is largely speculation at this point. Trading volume is meaningless, I literally had 51 bitcoin volume in a week from trading with a bot less than .2 of a bitcoin.
Why USD is stable and accepted everywhere? Because of countless invasions and wars, especially economic wars, because the bankers are rumored to offset inflation by hand, moving zeros around, because if they fail to keep the ruse going they know that it will be the last one they have, because literally their life, their children, everything they ammased depends on them not letting inflation run away, and because you cannot audit them.
Yes we should replace fiat with crypto, no it won't be a war, we should simply to be free from the power that damns entire nations for not joining the house of cards that IMF/World Bankruptcy is.