Understandable; although it's going to get harder to assume that as the years roll by without a spectacular collapse.
I like to use the example of World of Warcraft.
Blizzard Games made an environment which rewards successful players with influence tokens, represented by gold coins in the game.
They let a player influence the outcome, by buying armour, weapons etc.
Some people sell these influence tokens for regular money; to people who want to buy stuff they haven't earned through gameplay.
As long as there are people who want to buy WoW gold, there will be people able to earn it and sell it to them.
Blizzard games isn't backing the value of their gold; they're not giving people money to play WoW; they've just created a world which
A: Rewards skillful play with influence tokens
B: Allows those tokens to be transferable
That's it. When you get that, the penny drops and you understand where the money comes from.
I've bought most of my STEEM; because I believe that as more eyeballs arrive, people with deep pockets are going to drive up this environment's influence tokens (STEEM), as they look to catch the attention of those eyeballs.
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Yeah. I need to get around to buying more Steem. I think I bought about 110 some months back and I've still got a little bit of BitCoin that I never got round to exchanging.
There always seems something else to do.
Like now. I'm wanting to go to bed but I've got loads of comments I haven't answered yet. Steemit can be very time-consuming!
I don't know what is up with everyone this evening. Friday is usually quite quiet but today it's really buzzing.
Did I miss something while I was out?
Has Steem gone to the moon or somehthing? 😂
Not yet, but hodl on tight :)
I'm hodling. I'm hodling @mattclarke! 😁
And, any minute now, i'm going to bed!