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RE: So...This Just Happened
Undervalued, why?
To my opinion Steem should have zero value. Cause where does the blockchain earn anything? Or add value to?
Undervalued, why?
To my opinion Steem should have zero value. Cause where does the blockchain earn anything? Or add value to?
Where does any blockchain do that? What about stocks or even products you buy at the store? Someone sets a value and someone else agrees to it. Same thing's happening here. It's not like I'm in total agreement with it, but when it comes to blockchains, you can at least do more things and faster. And it's not meant to just be for social media, anyway. It's meant for an entire global digital economy to sit on it.
You are right about that. If people see value in something then it does have value. And based on my feeling this is the most important reason for crypto to have any value. Because a small number of people really believe in it. But to my opinion it doesn't really solve any issue and only creates new ones.
Oh, well, there's a lot of overinflated or false expectations created, and there's a lot of gaming the system, if that can even be considered a thing in a place with no rules, and it creates animosity and badwill and other kinds of negativity.
That said, if it ever becomes the global digital economy it was meant to be, I would hope there would be all kinds of solutions to issues.
As it is, I think there's some folks who, because of charity on the blockchain, are better off than they would have been otherwise, and I think there are folks living in poorer economies that are at least subsisting if not doing better. It's probably not that widespread, given the nature of this place right now, but it's a start.
I probably come off sounding like one of the believers. Truth to tell, I don't have a clue where this is going or what people think they're doing with it. I just like to look at and consider all sides and then act accordingly. There's always good with the bad, and generally, that opposite also applies.