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RE: Nobel laureate says Bitcoin will disappear in 100 years
I agree that Bitcoin itself is likely to disappear, but I believe that cryptocurrency is here for the long haul . . . it just remains to be seen which cryptos have the right end use cases to stay the distance.
I do believe that Steemit will be among them, providing of course that we as a community find a way to get a handle on the spam accounts, especially since they are being promoted by otherwise decent and good-intentioned programs such as SteemFollower.
Good points. EVEN IF Bitcoin ends up in the crypto junkyard, it will have acted as the "trojan horse" which enabled many of us crypto-enthusiasts to educate ourselves on the technology. I have made the smart move of selling some of my BTC to buy the more functional cryptos (such as Steem). Have also done the same with some of the BitcoinCash I got from the main hard fork last year. I thinking I have settled on holding ONE Bitcoin and ONE BitcoinCash (a nice, simple number) and using anything above that to diversify. Hedging is always a wise move with any investment strategy. In terms of Steemit specifically, I agree that it is here to stay, since it is build on the foundation of human communication, which will NEVER be eliminated. Therefore, the "fundamentals" of Steemit are (in my opinion) a shoe-in, and now it is just a matter of polishing up the platform (we are, after all, STILL in "beta" mode) to eliminate those "nasties" which are getting in the way of mainstream adoption. But we are getting there. I am ALL-IN on Steemit, as it is a MAJOR part of my daily life, and so investing in the currency is a HEALTHY part of the overall endeavor...
I agree wholeheartedly.
As former stockbroker, I've long been a proponent of diversification, and I'll never hold just one crypto, but I too sold most of my Bitcoin to diversify. I still believe it has good upside potential, but nowhere near to the same degree as better designed cryptos such as STEEM and SBD.
I too am all-in on Steemit, I believe strongly in the platform, and I believe that the fundamentals will carry it through, even if it is a longer term play than many had hoped. I'm planning to stay, regardless, so it is not an issue for me