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RE: Get Over the Attachment and Dependence on Investors and the Rich

in #steem5 years ago

The way I see it, until such a time as people can use crypto for everyday living expenses it will remain in the hands of the speculators. It will require an agreement among communities there is a value and treated as such independent of a fiat valuation.

The secondary problem I see is tied to an issue you mentioned not long ago regarding you are paying out of pocket to run your witness server. Just so much dependency at this time on external systems.

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The only way to do that, is to get businesses to adopt it, right?

That seems to be the case, whether it be pre existing or new ones ready to serve a market waiting for them. The challenge as I see it then still remains for the businesses, which is why this void exists. Do they gamble that the crypto spent on their products (that they probably paid fiat for) will lose value and make their venture a loss. It keeps coming back to that scenario until a time that fiat loses the power of agreement to enough folks that it holds value independent of the fiat.

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