I need a little money to live in this world and I get sick without my integrity, so I try and find balance. I am having a good time with cryptocurrency, I don't feel so bad using it to invest and buy things I need compared to dirty fiat currency used to control economies. But anywho, steemit has been an awesome experience for me, I've used it to improve my art and connect with other creatives around the world...I want this platform to be thrive and be healthy.
You are viewing a single comment's thread from:
Getting to know creative people is probably the best part of steemit as i saw no platform yet where i could do this in such an enjoyable way. Probably it's a type of people that get here, innovative pioneers with open minds since revenue from steemit is not a significant part for either of us i believe.
As for the currencies i would hate to dissapoint you, but i think that with a few exceptions they are a bigger plan of some really strong powers, as if they were a threat of some sort to anybody, like it is quite popular to think, they just could buy all of it in a day with a market cap of 200 billiion and forget the password easily. Or maybe not, just a feeling i can not get rid off.
It's the ability to drop bitcoin if it is corrupted and move onto another coin that can't be controlled...but I get what you mean. Right now I can buy some gold and silver with one bitcoin...hard assets are cool too!
Hard assets will always rule the rest are just the derrivatives :)
I see alt-coins could be seen as derivatives, but I think they have several other functions, I use altcoins for purchasing products, holding savings, and keeping one out of corrupt banking and taxing systems, altcoins like bitcoin was made to resit inflation because of their decentralization system of operation.
derivative examples I know... futures, options, swaps, synthetic collateralized debt obligations and credit default swaps.
And since so many cryptos are token 'izing real world assets they are becoming derivatives in their nature too. And i genuinely hope that you are right about the reason why BTC and altcoins were created, as i have other suspition, but that might be just paranoia. And they are not that decentralized as it may seem as BTC mining is controlled by two or three major mining pools if i am not mistaken? And each fork reduces decentralization even further.