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RE: How to Explain Steem and SMTs to Other People - a Few Thoughts on “Selling” the SMT Idea
I agree. Money is basically just an idea or an agreement made by society. I think people tend to fear what they do not understand. So going back to the original post, I think Matt is bang on with the idea that we can introduce the idea gradually and that will eliminate a lot of the fear surrounding steemit and crypto in general.
I also agree with what you are suggesting - hopefully, crypto will move power away from the major institutions and into the hands of the people.
It's also worth remembering that a single EMT attack could destroy the internet, and therefore all cryptocurrency, for a long period of time.