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RE: So where does the value for Steem or bitcoin come from? What is the point of all this?
The system has ingrained in us the need to comply and use the fiat money to enslave us. It is difficult to break those bonds when you can't wrap your head around the concept of crypto currencies. Many people can not "see" the value in something created from algorithms. You are speaking a foreign language to them. It time. with patient teaching more and more people will come to realize that the system is broken and they can not depend on their old way of life.
I agree. Not all cryptocurrencies are created by algorithms though. This one, in fact is created by you and I interacting with one another, having meaningful dialogue and sharing information with has real, intrinsic and perhaps even physical, emotional, mental and spiritual value. That is worth something. The algorithm merely just records that interaction and puts a number on the exchange to reflect value. The vast majority of the time the value reflected is not the true value as our friendship and exchange is priceless. But at least it records something that we can then use as a token to trade with each other or with other people. The programs facilitate that transaction.