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RE: The Surprising Number of "First Time Bloggers" on Steemit

in #blog7 years ago

Hi @shello, thanks for your thoughtful comment!

You touch on something that kept me away from cryptos for a while, namely the volatility. I looked at them and thought to myself "These are not CURRENCIES, they are more like 'pink sheet' stocks!"

Which, in some ways remains true... you can't exactly pop down to 7-eleven and pick up a sixpack with Steem. Or even BTC. It's getting better, though. But the problem remains that cryptos are too volatile for a seller of "something" to risk pricing their stuff... because it might be worth half a week from now (meaning a loss) or double (meaning no sales).

I'm just enjoying the free-form blogging, and all the cool people here!

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I apologize for my late reply @denmarkguy!

This is also the reason why it took me a while to gain an interest and appreciation for cryptocurrency. Truth be told, all last year I was buying things from 7-11 with bitcoin (converted into USD loaded on a VISA), but it is not the same thing.

I am seeing more ATMs pop up, with their own transaction fees and inflated prices, and as of right now that makes it viable for businesses that sell coins but not goods. My building now accepts "lock out" fees in bitcoin, so this is a start.

I think that we'll be seeing more services for crypto coming up, before a time where products will be acceptable. It is more than possible for the volatility to balance out, but not for several years I'd imagine.

Expression and connection is always nice :3

Cheers,
@shello