First sentence it's money, third sentence you don't like to spend it. What is it now? ;)
To be money it first would have to be commonly accepted. Bitcoin has issues with that, it would be a lot more difficult for steem to get there. As a utility token fueling the blockchain it could have a real use case though, which could give it value. It already has that actually, but the high inflation gets in the way of the value rising.
Magic interwebz money?
I like spending sbd.
Steem, not so much.
No 30m usd pizza for me, thanks.
What happens to the folks that wanted to replace fiat?
Don't kill Batman!
First sentence it's money, third sentence you don't like to spend it. What is it now? ;)
To be money it first would have to be commonly accepted. Bitcoin has issues with that, it would be a lot more difficult for steem to get there. As a utility token fueling the blockchain it could have a real use case though, which could give it value. It already has that actually, but the high inflation gets in the way of the value rising.