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RE: INSIDER ADDRESSES THE EOS CONTROVERSY, STEEMIT & A WORLD OF CRYPTO

in #steemit7 years ago

Everything is relative. Crypto currencies with finite aggregate amounts should reflect the inflationary expectations of people in the countries with the weakest fiat currencies. i.e: Bitcoin might be telling you that fiat currency in Venezuela is worthless and people there don't care what they pay for Bitcoin. Accordingly people in countries with more stable currencies feel enriched by the relative parabolic move in the prices of some coins and tokens, relative to their fiat currencies. People in Venezuela who own Bitcoin may be just trying to preserve some of their local purchasing power.