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RE: Hello, steemit community. Let's talk about steemit / Привет, давайте поговорим об Steemit
I am still having some trouble understanding the ecosystem of steem. I am not sure how the smart-contract peg will be able to to hold value for long if just more and more tokens are created and there is no demand to buy and spend them? If everyone is just exchanging out the price has to drop constantly until the smart-contract implodes....
But if it works in keeping read value of the tokens and in filtering high quality material it is a great social platform. The ability to get paid for it should also generate more high-quality content.
I just haven't figured out who is paying for the content and work of curating buy buying steam dollars or why someone would buy steam dollars yet....
Why someone would buy steam dollars? Just ask the same question according to f.e. bitcoin. Why people are still buying bitcoin? :P
I buy Bitcoin to spend them at the hair saloon. I buy the bitcoins, my hair-dresser sells them it evens out the supply and demand and make the bitcoin act as a value token.
I have no place to spend steem dollars or any reason to buy them instead of Bitcoins for exchange medium purposes as Bitcoin is more proven. A 100% speculation driven demand can't last forever, there has to be a real demand for the token to use a medium of exchange or something else, in this case I had imagined there be sinks for it in various features on the sites but I can't really find any.
Ok, but when bitcoin wasn't popular it was like this. There was normal physical cash, accepted everywhere, and bitcoin, which was not as proven as now, and not accepted anywhere. But it was growing and growing and now have it's position.
Yes, but we already have Bitcoins so why would we want another crypto-currency for trading goods. No one uses altcoins to buy goods and services ... and if no one had started doing it with bitcoin it's value would be zero by now. The speculation can last for a long while but in the end it needs to pay out with a real use for it. Some crypto-currencies have better anonymity or better integrated features for crowd-funding and so forth and can last this way by adding to the financial functionality of Bitcoin.
The only way to use the Steem Dollars I can see now is to buy influence or to promote posts. Are the tokens destroyed when promoting posts? If the inflation also redistributes the Steem and Steem Power ownership ratio toward the most active users maybe it could work. Still I think there needs to be more on site ways of using the tokens really....
Bitcoin buy for trading on the stock exchange , for example Poloniex. Invest in bticoin and hope that someday he will rise , I do not see
Well, i think that steem is also a money, like bitcoin, but to earn bitcoin you have to mine, to earn steem you create content. It's a blockchain money and social network at the same time.
But the base and lasting value comes from the goods and services actually being traded with Bitcoins. If there are no good and services being traded with the token ...
Steem can be mine as well as Bitcoin, is not it?