Cliff has been down on steem although he way up on Bitcoin. I think he is missing it with steem. One thing he said in an interview with Greg Hunter is that there is nothing of value in steem. But that doesn't make sense since there is no value in any currency. It has what value we give it.
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yeah i don't get it. Maybe there is nothing of value on the coin itself. But the platform technology Steemit.com is a great alternative!!!
Cliff may be stuck in the rugged individual paradigm. Networking is the wave of the future.
i agree. i like the guys take on crypto. Anything else blah... I have my own personal opinion on.
You are spot on, AFAIK. Steemit actually is a product/service, and generates value in Steem via it's operations. What value does Bitcoin offer except as a store of value and means of xfer? I won't pretend to argue with people clearly above my pay grade, like Clif High, but I see no merit in such an evaluation.
Bitcoin is valued more presently because it was the first crypto on the market, and has built momentum. Given the fragility of cryptocurrencies, which only require a power outage, hard drive crash, or theft of a cell phone, to vanish utterly, it would seem to me that Steem will eventually become more valuable than Bitcoin, because social networks survive, due to their utility, such events as erase cryptocurrency.
I, and I am sure I am not alone, have forgotten every password I ever created, lost untold volumes on crashed disks, and bricked too many phones, to casually consider any digital data robust. YMMV, and I hope, for your sake, it does.
Thanks!
I'm with you on steem being multidimensional. there is so much opening up on the steem platform it's staggering. steem is not just another crypto token. Steem is alive and conscious. We are steem. I get chills when I think about it.
Bitcoin has a major advantage though... its the FACE of crypto, in the news everyday, and already accepted at many, many merchants. It will be hard to convince these merchants to accept a myriad of other cryptos, and thus we will most likely have to convert our Steem (et al) into Bitcoin to buy real life goods. Time will tell.
Totally agree - value is what "we" give things. You could dig up a massive new jewel but it's useless unless a consensus gives it value!
clif is always going to call it like he sees it through his data. he is probably not personally hating on steem, and also is not very accurate with his comment on value. but he is also privy to data that he (and only he) can use to speculate things. it is when these markers become more clear and timely that they are released in a report.
Cliff is enjoying very much his "Spock-like" new found fame. He will say like that, that he is just giving the data but then he goes on and on with what he thinks at other times. It's a jumble. An interesting jumble. When he spoke about steem he gave his opinion he did not quote any "data sets." He's a rascal. Admittedly a loveable one.
hah "loveable rascal" is quite accurate! we are blessed to have this man and his service. i feel he will continue to enjoy his fame from a distance in the low key hermitude sort of way he prefers. i can relate. and very much agree that he rambles and mixes his personal speculations in with what can be referenced in his mature data. but what i'm pointing out is that he is privy to this data in ways we will never be, living and breathing projections for years. this will affect his ramblings no matter what.
for example, his comments on Steem may be related to one of his projections; that almost none of the altcoins "have legs" compared to bitcoin. i myself am not even sure how to incorporate this info, since clearly there is profit to be made in the near future on alts and he promotes this as well. it's common in his info to find things that seem almost contradictory until you have all the details fitting together nicely.