"The internet is a fad" rhetoric hasn't gone away, its just keeps retreating. Now its "The internet money is a fad". I can't understand how people still fail to grasp what is happening. The internet isn't just new technology, you can't compare it to things like the horseless carriage or the televison. Its a new epoch, you have to compare it to the factory.
And thats what these debates look like. "Industry is just a fad. Okay nvm industry has uses but its not really going to disrupt anything. Okay nvm it can disrupt things but it can't disrupt X. Okay maybe X but not Y. Okay its going to disrupt a lot of things but now people are saying things like 'industrial economics'. Absurd! Economics itself can't change. Next you're going to tell me industry will 'disrupt' the existence of our kingdoms!"
Economics is part of the behavioral sciences which is debatable at best. There is a lot of voodoo and witchcraft in economics. Many like to make economic theory into something sound like the laws of science. Instead, it is a discipline meant to support the banksters views and benefits. Have you ever noticed how deflation is bad but inflation is good for society. I guess having computers and cell phones is bad since they are delfationary.
We are going to see all this lying and mythology blown out of the water in the next decade. Steem is just one part of a multi-pronged situation that is going to change the behavior of most people.
Over the next year, I expect tens of millions of people to be using different blockchains and that will move to billions within 5 years.
Why don't you spend few hours here: https://mises.org/wire
You'll find a lot that would interest you.
https://mises.org/blog/ludwig-von-mises-uncompromising-champion-liberty
https://mises.org/blog/first-economics-lesson
https://mises.org/blog/italy-needs-dose-bugatti-capitalism
https://mises.org/blog/ten-fundamental-laws-economics
https://mises.org/library/what-priori-science-and-why-does-economics-qualify-one