Cryptocurrency can't solve anything, as a matter of fact it will create more problems.. There really is no hope of a pure decentralized.. mining monopoly will be enjoyed by those with access to the cheapest electricity..
And one example why Steem can't also do any better is because of the killer whales war..
I checked out some of the whales who would spend more of their voting power into flagging others rather than use it to generate rewards for the community.. the people with high SP will speak any sort of slangs and threats to people with lower SP.. anyone who ever tried to say against those big shots got their account screwed with below zero reputation..
At one point this place would require a bunch of moderators who will make rules and force others to obey..
Or Stinc could change the rules that govern VP. Steemit is vulnerable to the present VP weighting scheme, and I am less than confident of it's long term survival in it's present form. I believe this same vulnerability affects SMT as well.
When you say cryptocurrency can't solve anything, I don't believe you have a comprehensive and detailed understanding of the entire field that presently exist. It is easy to see that, alone, a particular currency - even one that was completely able to be anonymous, auditable, and free of external regulation, taxation, and other forms of plunder - can do little to change the world to a more free place.
I can't imagine crypto being the sole technological advent that impacts our ability to reign in states, and reduce them to something beneficial, and therefore tolerable, if they continue to exist at all.
It is good to keep in mind the burgeoning 3D printing revolution, which is giving consumers the power to produce the goods they need directly, without significant labor, or will, in the fullness of time, the miniaturization of surveillance tech - cameras are going to be as small as dust, airborne, and impossible to preclude from an area.
With the concomitant reduction in cost, there will be no place to hide for corrupt officials and other criminals. It is difficult to imagine how strongly this will impact society, but it will have a robust potential to reduce the corruption of states, and other institutions.
One must consider the concatenation of technological revolutions, rather than any single advance alone.
Steemit is being forked, and similar platforms are in development. This is not the end of the technological revolution in social media economy.
Edit: also, Steem isn't mined. There was mining that did produce the majority of the Steem in existence, before Steemit was public, IIRC, but now, all new Steem is created through inflation.
your knowledge is bigger than me... and so I want your help answering few questions.. would you mind if I ask you to check my post by following this link and help me discovering new facts about this analysis. You can ignore if you want.
PS: this is not a spam.
Sure.
BTC and other cryptocurrencies are very volatile right now because few people use them. As large investments are made, the markets fluctuate. Then, when investors take profits, they fluctuate again. These investments will be smaller and smaller in proportion to the total value of BTC as more people begin to use BTC, and BTC will become less volatile.
I made a more substantive reply there.