nice article! Doesn't bitcoin have a cap as to how many of them will be mined and will be out there? So wouldn't that prevent it from losing value because it would be rare like gold... Sorry super crypto noob, so correct me or help me understand if I'm wrong! LOL
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That is exactly my argument..go to https://coinmarketcap.com/ and see that bitcoin, etherium, litecoin, dash, Neo ,Monero all have limited circulation and supply especially bitcoin hence the high price : Others that bring out billions of coins have lower price..see ripple, IOTA , NEM even EOS, BItshares and steem ....however I still argued for steem...demand and supply principles in economics is still vaild and people tend to forget
ahhh so then how do you drive it up Steem? Just based on demand... or do they need to cap it at some point too to prevent inflation?
IAs indicated in my post, image steemit being mainstream and having 10M + members even up to 100M+ in few years time then 1 steem will certainly be 1000+ USD ....demand will surpass supply isnt it? simple economics
You wil be a multimillionare and I will invite you for a beer and Bradwurst
HAHAH I dig it. I love beer! I saw you live in Germany? Are you originally an American? I also saw you went to MIT... you smarty pants. :)
Hahahas you are 007 spy I am anonymous just like my bud @xaero1 however if steem reaches 1K+ then you will smile my smilling face when you come for a cold beer and bradwurst Hiyaaaaaaaaaaaaaaaaaaaaaaaaaaaa
I am glad that you understood the economics in demand and supply and applied it to crypto....
Wait... so your name isn't really Charles??? ahhh!!! my whole image if you is blown... I don't know what to think! LOL
:) yes starting to learning... that's what I have you and @xaero1 for... to teach me the simple things about crypto. hehe
My name is Charles , no need to worry . Yes steemit is great and you will learn a lot if you follow the right people.
@xaero1 is very smart indeed...you too my dear one.