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RE: Why a currency shoudln't be a backup of value. And Why Steem isn't. [3 minutes read]

in #steemit8 years ago (edited)

I see your point, but a currency is needed, to avoid the scams that I described in my post.

There are many reserver of value, so why using the currency as a reserve of value ?

Steem = currency
Steem Power = reserve of value

isn't that better than
Dollar = currency
Dollar = reserve of value ?

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I'm not sure steem is a currency. If the concept of content creation and curation is a sustainable and successful concept, maybe there is a possibility that steem can function as money. But i need to think about this. It's such an intriguing concept

Dollar is based on central banks en government money issuance. Which is clearly unsustainable. Steem is based on content creation and curation. This concept might be sustainable. Then why would steem not be better than the dollar?

What @chhayll said -- Steem is a token used to invest into the platform. Viewing it as a currency ignores what value it actually provides (access to powerup)