Good explanation but most of the people still think things only have value if they are backed by something. Like old times with money/gold ... i think is just a matter of time. We are living a moment of changes
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I agree it should be backed by something. I think that Steemit is interesting because it seems that we are backing the platform with social value.
Exactly. Same happens in Facebook or any other company where valuation is calculated my number of users and quantity of info.