You hit on the biggest need of the crypto space, which is to back it with some tangible assets. Steem kind of does this, by commodifying influence and social media archiving, but I’m talking about real tangible assets: water, corn, kilowatts...

People say Bitcoin is a new way to buy things, then point out how stupid it was for people to use it to buy things (the famous million dollar pizza, etc.), and how they are HODLing. Do they not realize that they can’t have it both ways?

If Bitcoin (or other crypto) were anchored to an asset, like the gold backed currencies of the past (and near future), its value would become much more stable and it would actually work as a medium of exchange—rather than a highly volatile store of value.

Yes, it would not rocket up as quickly, but it would not crash, either. Instead, it would become a real medium of exchange and value storage, and a stable hedge against fiat currencies. Isn’t that what it was intended for?