In recent discussions STEEM and herd when a problem is often asked is: "Money is not going to come from this Ponzi do??."
I have not answered this question, because it is not in STEEM asked, profitable, and now I'm here to answer your right:
"In fact, a hundred years ago, when the government issued bills, your grandfather's grandfather asked the same question, he looked at those colorful paper, said paper you gave me to do this? real money is money, you give me the paper, I turn the money went to? the time to pull further ahead your grandfather's grandfather's grandfather's grandfather N-th power, then use the shell to make money when there is a madman and he went to get the gold transactions, he will ask, you do not pull the yellow ridiculed as hard as stool color stone for me to do? shell is money. "
You want to answer the money going to come from this problem, you must first find out what is "money"?
So, what is money?
Actually, this is not a good answer, there is no single answer, some people think that money is a language used to exchange value, some people think that money is a promissory note, these claims have some truth.
I said, name can be named very name. Let's put aside the definition of money do not speak, take a look at what money function Yes.
What do you think the money the most valuable feature is? You'll definitely want, the most valuable feature was trading, wrong, Zimbabwe credits Wei why nobody use it to trade?
I think the most important money the most valuable features is a human value storage needs.
Store of value derived from the first store of wealth. Four seasons climate, it must store food; strong points of life decline, and thus should be stored wealth.
Wealth storage cost is high, basic food will rot, does not rot and rodents also needed, so hard to get moving on the road but also security.
So, easy storage, high unit value goods, while commodity price stability, naturally became the preferred store of wealth. What is it such a product? Currency ah.
So, people need to store wealth, and other values
for the conversion easy storage of goods (currency), carried a store of value.
We can say that people in the demand for money, 99% is a store of value, medium of exchange is 1%.
Store of value demand security needs are endless demands
first store of value money is gold and silver. The main drawback is the amount of gold and silver is a big eye-catching, easily stolen by robbery (including government ah, forced the government to close the gold too many things).
So, into escrow mechanism (ticket number, bank), using unique biometric information (face, signature, fingerprint) to receive mode - drafts, passbooks. This largely solved the problem of stolen loot, portability has increased dramatically. But the risk of forced recruitment of government is to remain at the same time increases the risk of credit were not honored, the risk of loss of damage.
With the development of electronic technology, to meet another demand: portability. By setting a password, remote remittance, completely eliminating the need to carry personal links, to further improve the damage is lost, stolen, robbery safe and rapid, real-time remittance also provides a great convenience.
At this point, the remaining risk, the core is the government. The risk of government is to steal and rob. "Steal" is junk currency devaluation; "grab", the government is using violence to collect taxes, freeze, use restrictions, limitations and other exit.
The solution is A decentralized encryption currency.
Encryption currency have been born almost 8 years.
1 can not spamming. Release mechanism is preset program, the total amount can not be artificially controlled.
2 can not be taxed. Encryption currency completely anonymous, unless the holders themselves admit (that also require specialized prove it, otherwise a lot to cry Lee), who otherwise do not know how much money the government.
3 can not be frozen. The private key is the only control, no private, no control account. It can not be frozen.
4 can not restrict use. Without accounts receivable, to address directly, not limit.
5 can not be limited to the country. The Internet is another level in the world (beyond the concept of spatial dimensions), there is no "borders."
At the same time, the loss prevention have further improved: no card entity, folding, there is no simple catchy accounts, passwords, steal really hard.
In the convenience also further improved: anywhere in the world, a few minutes or even seconds arrival.
Since the concept of more advanced encryption currency - the "money" is also the lifeblood of this mess to pure virtual, invisible entity, the people lack confidence. (Also, the encryption of money "amount" Even the database can not be found, it exists in the flow of data transmission network, and that this, even many programmers are not well understood). So the popularity of speed slower encryption currency, is understandable. But now with STEEM, will soon be universal access.
Now the concept of it? Still use the market value or facebook reddit contrast to market value and STEEM do? The potential of the former at most tens of billions to hundreds of billions of it, the latter's ceiling, is the sum of the market value of gold US Dollar + + + all other bills.
Now $ 200 million market capitalization also Xiangui? You foolish, hurry Tuen money to go.
