The way I see it, if you give something to everyone for nothing, they will not understand or respect it's value and before you've had a chance to demonstrate utility, you are in an oversupply situation and boom. Black swan, it's all over. The world is not a perfect place so things have to get going, then reach maturity and equilibrium. What does it matter if in 50 years time, Steem has solved the world's currency economic issues and ushered in a thousand years of relative fairness? The struggles we've had now will pale into insignificance. The technology has value, the experiment has value, people are extracting value they can use under the present paradigm right now and valuable content is being created now. It certainly cannot be described as a ponzi and if a culture or economic system where capital is flowing more rapidly and transparently from the top to the bottom exists, i'll eat my hat! ;)
You are viewing a single comment's thread from: