First, I really like your posts because of the constantly positive take you have on things. I admire that because it's easy to focus on the negative, and you do a good job of being consistently positive.

I would make one distinction in your post and that is the difference between "money" and "currency." We often use them interchangeably nowadays, but they're different.

Currency is:

• medium of exchange
• unit of account
• portable
• durable
• fungible (interchangeable)

Money is:

• All of the above
• Store of Value over time

Cryptocurrencies are currencies. They aren't issued by a central bank, but they're still a currency as they aren't a store of value over time. Since more cryptocurrency is being created, the value of it goes down as the currency inflates. They're also created by someone, whereas money already exists in limited supply, therefore the amount can't be increased.

I think SMTs could be a huge boost to Steem, and I do think that's valuable, but because they're going to be currencies, we'll have to be careful which SMTs we invest in. Because like Venezuela's Bolivar, you have to have faith in the organization that issued it. If you trust the wrong people, your investment can easily go to nothing.

I'm not sure we'll ever really be able to "demonetize money." The "quantitative easing" that US government has been doing since 2008 has been to increase the availability of currency, but all they're doing is inflating the currency to make that currency available.

You can demonetize a currency. That happens all the time when governments inflate the heck out of their currency and then have to demonetize it and start all over. I don't know that you can demonetize money. Money (gold and silver) just is. As far as I know, only Midas has ever been able to make more of it. Ha ha.

Thanks for a thought-provoking article! I'd love to hear your thoughts. :)

Hidden Secrets of Money