Theres scarcity in its production, but the culture of money can be one of abundance :) doesnt mean we should just waste it all though - i think you get what i mean
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Theres scarcity in its production, but the culture of money can be one of abundance :) doesnt mean we should just waste it all though - i think you get what i mean
The reason why bitcoin is valuable is that it's scarce. For the same reason, gold remains a good way to store value.
Now, if money is so readily available and one can obtain it easily, then there's no inherent value. Similarly, there's no reason why we shouldn't waste stuff that has no inherent value.
Could you please explain the what you mean by the culture of money?
By protocol Steem is limited too and I'd agree with valuable being associated with market availability, of course. However, I think it's a mistake to assume that Steem can be obtained easily. After all, it's easy to see on trending that people are getting good amounts. But by all means, it's just the same as Bitcoin distribution, just through different mechanisms. The fact that I can vote and give u a dollar or two now may seem like easy money, but it was through luck and difficulty (same as BTC or any mining) that I acquired the Steem Power to do so. Culture of money = spending, distribution culture / habit / activity.