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RE: Steem-Powered Projects and the Need for Crypto-Landmarks
In my experience, a lot of people struggle with the abstraction of crypto. Seeing real projects, in the real world, that are funded by this fantasy money can help people move beyond that abstraction.
In truth, all money is an abstraction, a financial derivative with its value based on underlying productivity, hopes, dreams, greed, fear, optimism, and force. The only difference is that the underlying is more immediate to you when you're looking at a fiat currency.
The biggest difference between your bank balance as a ledger entry and your crypto as a ledger entry is that it's easier to get to your bank balance. Easier for you is also easier for your enemies....
Very well said @josephsavage! The abstraction of fiat is just made tangible by everyone agreeing on what can be bought and sold with it. Crypto needs just that but in a new generative form more faithful to its nature.
I think that's why people care so much about Steem markets, etc. It's also why silk road and poker sites were so important to the early progression of Bitcoin.
nice photo
good post