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RE: Valuing Cryptocurrencies Based on Competitive Advantage
I think steems advantage is that it is first to market but it is very scalable as well so it won't get bogged down. I'm staking a lot in steem and feel like I'm missing out on the others but it is the easiest opportunity for people who don't know how to speculate. Just work hard and earn. That makes it so different for me than anything else. I certainly hope your right with what you said above.
I think that should be Steem's new motto!
wouldn't that be great @yabapmatt ? You know, the fact is that every participant's interests on steemit are aligned but few realize it. It doesn't matter if you are a whale or a plankton. This has developed just as a normal capitalist system and people can study any capitalist economy since the 1870's and be able to predict how steemit should operate. The pitfalls are written in history and anyone with a real stake in the game should understand this. There would be no worry about a new competitor if people understood how to protect the ecosystem but when you mix money with human nature it creates problems lol. So just work and hard earn would be a perfect motto for every member. If it is too easy it will mean less and if you are a whale without a worry in the world you might not notice the change in tides soon enough to avoid getting beached.