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RE: Official Request For Crowdsourced Steem Denominations - Issue Opened in Github

in #steemit8 years ago (edited)

Well, OK... but how is a niche cryptocurrency used for some marketing scheme as useful as, say, Wikipedia, which hosts a ton of information?

I don't think your comparison is really a good one. I understand you are enjoying the blockchain, but you are investing too much hope for its future purpose. It's just a notary service, and as such it will be a useful addition to a company's archive - be it a bank ledger, a historic society, keeping track on events, or even the police, safeguarding tamper-proof evidence online. It's certainly useful to cheaply send cash, and for that reason even more useful (and the true reason why cryptos soared, most notably Bitcoin) for money laundering.

But beyond that, it's just people trying to cash in on the hype of would be millionaires. Which was my initial point about EOS - it's not a technology, that the digital world needs at the moment. It's just Dan's plan to become rich - and kudos to him, for attracting such a following.

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I'm enjoying the blockchain for 4-5 years already, not only since it's mainstream (1-2 years). I'm not sharing your pessimism, which doesn't mean you're not free to enjoy it as well, just like I'm enjoying my enthusiasm. I think only time will tell which one of us is enjoying the correct attitude.

Peace :)

I've been following Bitcoin since the beginning (that's 6 or 7 years, now?) and you can imagine my frustration, when its price peaked a thousand times and I never considered investing much. Lesson learned - never underestimate a money laundering scheme :D

Yes, I'm pessimistic (realistic from my point of view) that a thousand different cryptos will be widely used. That's highly unlikely - even the use of fiat currencies is consolidating - think of the US and EU monetary history. In general, however, I think that cryptocurrencies are the future of payment and we will see a couple gain wide acceptance.