Are Digital Currencies the New Stock Market?
My dad introduced me to the stock market when I was 1 day old. While lying there in all my glory enjoying the creaturely comforts and unceasing attention afforded to a first born, my dad presented me with my first stock certificate.
Naturally, I jumped up and did a little dance at the 2.5% dividend I would start earning from such an early age - life was going to be good.
Fast forward past a dot-com boom and bust, some roaring returns, and a housing crash, to find that stocks are not all that easy to predict anymore.
When you do a little research and find charts like the one below, you come to find that the money Central Banks are printing simply goes to the stock market.
The problem is that all this fuel is dirty. Every country in the world uses fiat currency, and every fiat currency eventually goes to its real value - a useful museum decoration.
The Facebook and Amazon Coin
Will there come a day when we don't trade shares but coins of a company? There are already rumors of Facebook creating their own coin for the platform. As Steemit continues to gain attention, and companies see the value of a tradeable coin within their own ecosystem, we could see decentralized exchanges adding Facecoin, and Amacoin.
I am not one to think, that once we have a deflationary and/or hyperinflationary period that the blue chip stocks as we know them will vanish in the wind.
There are loads of assets and talent behind that company ticker. Sure, massive losses will have to be absorbed but does anyone truly think Apple is going to cease to exist?
What I find more realistic, is that companies switch from valuing their stock price in dollars on the New York Stock Exchange, to adding their coin to Bitshares or running their applications on EOS.
Sharing a New World
One of the easiest ways I have found of explaining digital currency to my friends and family is comparing a coin to a company stock. People can understand stock prices, and owning shares in a company. They don't necessarily understand how trading that stock works nor are they motivated to do so.
Steemit is and will be a valuable piece for introducing the world of Blockchain to our mainstream friends. I believe the simpler we are able to explain this world the faster we can climb out of the next Depression. It won't be a smooth ride but I believe we can all agree it is a better system than the centralized currencies we came from.
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now if Twitter had a coin...Uh, yeah...they haven't found a way to monetize that platform, and I need a way to capitalize on my following without spamming - hate spam :)
Haha, I still don't understand how twitter survives. Spam, ugh, I hear you.
you are very talented in financial matters - I was just about to respond to your latest post. I don't see how you're not going to retire in ten yrs. :)
I like that foreshadowing. :)
I agree that with ICOs outperforming most angel funds, as well as market capitalization increasing, this is definitely a safe ground for the overinflated stock market, which is manipulated by central banks. If it isn't their new stock market, it is definitely mine :)
And more join us everyday. :)
Yes, I totally think that they are the new and better stock market. A Facebook Coin is coming? Who wants that?
By the way your post styling is very tidy. I like tidy posts.
Facecoin? That's a good question.
Thank you for that compliment. I prefer seeing tidy posts so I want reciprocate that.
If cryptocurrency gets regulated and stock exchanges start selling i, we will see a massive surge prices, good post, followed
Here we go... thank you my friend.
no problemo!
meep
you will never make any steem only saying meep
meep
Good insight.
Now let's pray the guv'mnt never gets their filthy hands on this trading...
😄😇😄
Amen! Haha. 😄
I believe that once visa and other huge companies continue to adapt block chain technology, digital currency will be the future of peer to peer and also trading of food and oil from major Countries!
It is in the works! Good point.
I definitely see the stock market being challenged or changed by crypto currency, especially now that there are cryptos like PPY that will essentially pay dividends.
I think you are right about explaining crypto to people as stocks in companies. I was actually using this exact method to explain bitcoin and ethereum to my dad yesterday lol
That's a good point about PPY. I know I like my dividend stocks, haha.
Lol, great minds work alike!
Looks like a yes to me and we will be seeing some of them to be listed as indexes on stock exchange in coming years.
The future looks promising with all the blockchain technology.
Indexes are in the works for sure.
Yes, the future looks bright.
It would be insane if facebook added a coin. If they did it, it probably would not reward people as well as Steemit does!
No because than they have to cut their revenue shares by a large margin and they will never ever consider that for a second.
I cannot imagine it would, haha.
This is quite visionary imo and I feel you are on the right track. Gone will be the traditional stock exchange. Enter the dragon...the age of crypto.
Enter the dragon... I like it.
It's the title of a popular Bruce Lee movie. I see crypto being like a dragon burning to ashes all the old ways we used to do things. To usher in new growth of better and more innovative technologies.
Boom. @intothewild drops the 🎤
Well said.
Haha, thanks much. Just hope it pans out that way ;) But I have faith it will.
As do I.