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RE: STEEM As Money? STEEM Has Something No Other Cryptocurrency Has....
Yes, I also have more confidence in Steem as time passes, I think it is a sentiment shared by a large part of the community.
The high cost per transaction of BTC and the excessive duration of the operation, make other cryptocurrencies such as LTC have a lot of flow due to a BTC-Altcoin-FIAT triangulation, but in this transaction it is quite usual to lose money. In addition, with such a high rate, it becomes impossible for the BTC to access people with little capital (which is a huge market, practically all countries outside of Europe and the USA), making it impossible to use it on a daily basis.
It will be necessary to be attentive to the market, and not underestimate the new cryptocurrency that may appear during the course of next year.
Very true @vieira.
We are very early in this game and a lot can change. For years we heard how Bitcoin is digital money and, to a degree, it is. However, it does not appear that it will be everyday digital money. Therefore, something will have to step in. Is it a known token, one that will be developed, or, I as ultimately believe, a combination of many tokens being used for many different purposes?
The last thing you said is what is having, at least from my perception, more prevalence today, after all, it is a decentralized trading system, it does not have to be reduced to just one cryptocurrency.
But it is still a very new market, there are still many surprises and unknowns, as well as many possibilities.