Your post and the article are both very interesting. I see the internet as a "great leveler". In terms of Fiver, I think it may bring down pay in places like the US, but increase pay in places like Bangladesh. However on a broader view, I have heard that many of these places produce great grunt work cheaply, but are not great at capturing the essence of design and innovation. For example, iphones may be built in China, but are designed here.
It is so interesting to see how disruptive a newer technology like the internet can truly be. I offer a personal example of this. When I was a young, brand new stock broker, there was no internet trading. A trade we used to charge $800+ bucks for, can now be done for less than $10 (in some cases, more like a dollar!) These are interesting times we are living in!
Oh I get to talking so much I almost forgot the question lol. I have no idea about the price of Bitcoin. To me it seems more like gold than an actual payment method. Seems to be a means to "store" value. Unlike a field that is easy to value because it produces a certain amount of corn every year, or a company the averages a certain return year after year, Bitcoin is like a brick of gold.
I would like to see Steem closer to the $3 level.
As investment dollars flow from things like stocks to crypto I really wonder how things will go. I would guess that good investment advice was a part of things back then, for your $800+ dollar trades. (Actually my mom suggested never to listen to stock brokers but I have no personal experience with that, LOL)
It is hard to know where to invest in with crypto, there is a lot of conflicting and obfuscated information out there. Many times things sound good at first but after reading more about the coin something trips my internal BS detector.
Coins with a lot of potential seem to get dumped off the exchanges, (i.e. Bittrex) causing a lot of lost value for investors and the loss of listing fees paid by the developers or coin community. Many coins have had their initial go of high pricing only to be cast aside when liquidity drops. Lots of crypto can be traded with low or no fees in some cases, yet low cost trades are not a bargain when exchanges list a bunch of coins without supporting them for a long term. Loss of coins off exchanges from theft have been a big deal too and leave me feeling uneasy.
I think decentralized exchanges could potentially change things a lot for crypto. Maybe this year we will see some better support for them. If things improve I think we could see a big rise in the price of Steem.
hello friends @lightsplasher how are you?