You are viewing a single comment's thread from:
RE: STEEM is a Highly Undervalued Cryptocurrency
Do you think it's possible that having steem, steem power, and steem dollars confuses people and causes them to shy away from investing in steem?
Do you think it's possible that having steem, steem power, and steem dollars confuses people and causes them to shy away from investing in steem?
I believe the distinction between STEEM and SBD is hard to understand if you haven't read the whitepaper. That might scare away some potential investors. But I don't think Steem Power causes any confusion since it isn't a trade-able token. Investors who are getting on board from exchanges may not even be aware of its existence.
It is a problem.
Steem was my first experience with crypto currency and every time I try to explain the currency idea of steem to friends, and I say, "well, there are actually two currencies, steem and steem dollars," I lose people. Hard enough to explain one.
They are a little confusing, but totally necessary in my opinion. They all play an important role within the blockchain
I agree. I can see the need for all three, I just think it is difficult for an outsider, potential investor, to understand the relationship between the three, and just decide to invest in something else.
Yeh you're right I'm sure some people are put off by it