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RE: HIVE Selfishly Copies and Devalues Steem's Digital Collectibles
The problem with the Steem system has always been that it mirrors the corporate capitalist financial system that is already in place. I have never understood how anarcho-capitalists managed to design a system that basically it a virtual version of how our failed societies are structured. It's crazy! We debate over Austrian vs Keynesian economics in order to build a social network?! Steemit failed because it focused too much on the financial aspects, instead of the social and psychological aspects. Maybe now, that the main focus is no longer Return-On-Investment, we can actually concentrate our efforts on building a better social model, and then let the financial part evolve out of that. What do you think?
Oh I agree for sure. I just wanted to reference how the Fed in the USA just decided to pump another 6 trillion in fiat into the already obliterated dollar.
All those folks 'saving' their 'Dollars'. "Hey I saved $1000". Fed prints, devalues dollars by 25%...
And so on, over and over.
Yes though I agree about Steem. The financial incentives are far unbalanced.
The dollar is dead, and those in the know are aware of this. This means that we are moving ever closer to a shift from paper money to digital; which is why Steem needs to get its priorities right to protect funds. As far as financial incentives, this is hard to balance when you have one side focused on ROI, and the other side focused on bringing in more users.
Yes and those in the know, know that the war going on behind the scenes at the top has caused a disruption to what was an already done deal. The Digital Dollar. Something stopped it.....or rather, postponed it.
"Despite what we were told was a done deal, three Republican Senators have demanded an immediate fix to a drafting error in the relief-bill which may delay its passage."
The American People Reject Digital Currency
https://headlineswithavoice.com/2020/03/25/the-american-people-reject-digital-currency/
Kind of a misleading 'headline' there I know.....The "American People" did no such thing. The "American People" don't even grasp what a "digital dollar" even is. Well, a few of us do...
The dollar was dead over a century ago..
When the COVID-19 crisis passes, they will push the idea that paper cash can transmit viruses, and hence digital is necessary. As you rightly pointed out, it is only a postponement. I personally have very little paper cash (not by choice), and my family and I are deep within the Matrix living off of digital currency.