Why Can't I Buy Gold with Steem Yet????
Can someone answer this question: Why Can't I buy Gold with Steem Yet?
I talked about this in 2015 or 2016, and the whales even upvoted it. But then not 1 single whale did anything.
https://steemit.com/money/@marsresident/gold-silver-and-the-steem-community
Here are the basics, Economics 101
https://steemit.com/money/@marsresident/474mst-economics-101
@msp-makeaminnow, @sammosk, @juliakponsford, @travelnurse, @swelker101, @aggroed, @swelker101, @sammosk, @discordiant, @sammosk, @r0nd0n, @globocop, @steemit, @ned, @dan, @ben, @berniesanders, @smooth, @val-a, @dantheman, @tombstone, @rainman, @itsascam, @steemed, @summon, @blackjack, @cloop1, @pharesim, @steempty, @firstclass, @wang, @skywalker, @fuzzyvest, @steemit200, @riverhead, @enki, @complexring, @freedom, @wackou, @roadscape, @xeldal, @nextgencrypto, @abit, @arhag, @kushed, @clayop, @witness.svk, @proskynneo, @analisa, @alice, @smooth.witness, @au1nethyb1, @arsahk, @bitcoin2016, @dele-puppy, @misterdelegation, @xeldal, @thejohalfiles, @ranchorelaxo, @minority-report, @riverhead, @safari, @jamesc1, @ben, @roadscape, @proskynneo, @donkeypong, @fulltimegeek, @slowwalker, @goku1, @bitcube, @recursive, @tamim, @engagement, @alice, @transisto, @glitterfart, @jaewoocho, @trafalgar, @tombstone, @adsactly, @batel, @smooth, @created
Why in the world would you spam so many mentions? This does not endear you to anyone.
I don't care if it endears me to them, they just need to do this. This is how to make Steem $20 each.
Right, but beyond the few names relating to people at Steemit, Inc. you haven't listed anyone who could do a single thing about this. There are almost no witnesses on that list, and several just minnow/dolphin level accounts from the Minnow Support Project leadership (myself included).
You should be asking the same question that this post asks, it shouldn't just be me asking this question.
Bitcoin's value does not come from Greed, Bitcoin's value does not come from it being secure. Bitcoins value comes from the novelty, and the fact that it is used to purchase things. And that started with Drugs, Guns, Counterfeit money and Sawed off body parts on the Silk Road. I was there watching Bitcoin when it was $5, I know what I am talking about. Steemit didn't start paying people for posts until July 7th 2016, and the entire platform changed after that. DOGE started as a joke, and only worked because people were passing out 100,000 and 50,000 at a time, even when the value went up; and even more when it was worthless. Litecoin was literally made so people could mine on their laptops, you could never profit with a laptop now. Feather Coin came after Litecoin so you could mine on your laptop. Butterfly Labs was making the first ASICs, ASICs used to be rare. Now you could buy an ASIC and still not profit because everyone has one. Lol.
Coin Caps
Devcoin has no Cap, meaning Coins are made forever and ever, and never stop being made, and less are not made. 180,000,000,000 that’s 180 Billion Devcoins, are made every month. So it is extremely inflationary. The only way to make a Currency like that work is to have everyone put their coins on the Market. If you hold a Coin that inflates like that, you are basically just stupid and greedy in a way that is backwards and doesn’t benefit you.
Holding Devcoin is like holding Milk, not Gold. Unless there is room to grow (e.g. having me involved). The only way your Devcoins go up in value is by constantly expanding the Market, until everyone in the World is using it, then at that point it just inflates into nothing like it would have in a Small Group, it just takes longer Globally.And if you can Colonize the Moon and Mars, you can maybe keep markets alive forever.
That is the only way Devcoin can work. Otherwise, it is useless. But most Coins have a Cap. And this is key to many Coin's values, the more rare they are the higher they can go in value. When Bitcoin reaches it's Cap, and people are no longer paid for mining, it will continue to be mined in Pools, and the Miners will either be paid in other Currencies, or Users will be charged high fees for Transactions.
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