RE: The good, the bad and the ugly

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The good, the bad and the ugly

in newsteem •  5 years ago 

What's the need for steem now, besides being the source for RC?

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Magic interwebz money?
I like spending sbd.
Steem, not so much.
No 30m usd pizza for me, thanks.

What happens to the folks that wanted to replace fiat?
Don't kill Batman!
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First sentence it's money, third sentence you don't like to spend it. What is it now? ;)

To be money it first would have to be commonly accepted. Bitcoin has issues with that, it would be a lot more difficult for steem to get there. As a utility token fueling the blockchain it could have a real use case though, which could give it value. It already has that actually, but the high inflation gets in the way of the value rising.

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