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RE: Steem has NO FEES, repeat NO FEES!
It's not about the fees to choose a coin as money, it's about the interoperability of coin with fiat market. Right now the only coins that have active markets are BTC and ETH which people actually buy and sell in fiat so anything else cannot be used conveniently as money. Can you explain to a business partner that they should open an account in Steemit, get the money, send it to poloniex, exchange it to BTC and then convert it? No, the person would think you just don't want to give the money.
Good point. That's why I'm just buying right now. They gonna build the infrastructure when they comprehend what is all about.
Right, let's buy even more!
Yes, with that I agree with you and it is why I use LTC that has FIAT ramps.
However, like LTC was added to coinbase and soon Bitstamp, Steem could be added too in the future... eliminating BTC out of the equation.
You are right LTC is also one of the important and near future markets. But BTC will never go out of equation, it's the main reserve similar to gold. You don't use gold to pay your phone bills but use it as a stable monetary unit to store wealth.