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RE: IRS requests Bitcoin users pay them back

in #bitcoin8 years ago

By its nature, the value of STEEM probably will approach zero instead of $10,000. That is not a bad thing. Consider that email is a protocol which is used by many people on a daily basis and it costs almost zero. STEEM is the protocol for Social Networking. Its value is not just the extrinsic reward of money but it has many intrinsic values... one of which could be that it could be the platform which instigates the closure of revenue collection agencies.

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I hope it doesn't go to zero .... I have converted all my SBD To Steem today

It is possible that it could achieve a value if there was a way that authors could put a minimum viewership fee on content. For most people this would be important but perhaps production studios (movie and tv) might want to host their content on IPFS but have a minimum price tag to view the content. Alternatively this could be a funding platform for crowdfunding.