You are viewing a single comment's thread from:

RE: Steemit As an Alternative Investment Cryptocurrency |

in #steemit7 years ago (edited)

It's very well reasoned, I like your article @ayijufridar. You've included what I think are strong points. I'm not sure what else to add. In the end, I think most people in institutions are uncomfortable with volatility, which is the nature of unregulated markets. Regulation is all about stability, hence the requirement to be able to exercise some control on the markets to reduce shocks. However, doing that for a prolonged period of time just hides the risks, when in fact, things are going bad especially for something as large as national currencies. Faked market stability could lead to complacency, because people don't see any problems then. This is why regulated markets could blow up really badly when it happens. Unregulated markets like cryptocurrencies on the other hand, reflects risks and confidence of the people more clearly, which is why it's volatile. There are many kinds of cryptocurrencies, but I think Steem stands out as it's engineered to be a voluntary platform that's free to use, decentralised, secure, and is simply a public content platform with its own currency. Not sure what "collaborative commons" is in Bahasa Indonesia, but it's a term I like to use and it appeals to individuals - afterall, it's what communities are made of.