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- Mariusz Trela authored
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"body": "I think you're missing a key point with this statement: \" This is why cryptocurrency cannot stand on it's one without a fiat currency\". Ask yourself, why is fiat money worth anything, and I think you will eventually come to the conclusion that the answer is no different than the answer for cryptocurrency (hint: it's the first statement in your thesis).",
"body": "Hmm, it may be an actual function of my weak vision. When I get further from the screen, it gets hard for me to see any of the dots. So next I tried to get very close to the screen (normally I keep my monitor pretty far away) and I was able to see about 8 of them at once. I'm guessing having a smaller monitor might help too, based on the article, since I suppose they would be less in our peripheral vision then.",
"body": "\"Right now, Steem has value because you can exchange it for bitcoin\": this isn't strictly true, although it's a position likely to be taken by a bitcoin maximalist. All the arguments used to explain how bitcoin can provide value without fiat can equally be used to argue for Steem (or indeed many altcoins). Bitcoin has two major advantages right now: 1) it's the main gateway for exchange to fiat and 2) more merchants will accept it than other crypto. But of these two advantages, I believe it still mostly comes down to 1) right now.",