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RE: Byteball Shows Steem's Incredible Power
The value of crypto is derived from usage. Usage can only exist when people have coins. Therfore their approach is to let everybody get some bytes.
The value of crypto is derived from usage. Usage can only exist when people have coins. Therfore their approach is to let everybody get some bytes.
Wrong, use does not=value
The value of crypto is drecied from speculation much like how some rich people speculate on fiat.
The more useful a crypto is the more value the crypto can sustain its price.
In fact if Visa had it own currency:
http://cryptotimes.org/cryptocurrency/visa-cryptocurrency-might-worth-3-billion-napkin-math/
speculation certainly plays a role, but usage is also a major part in it.
What would the value of a currency be that is in only one hand? Its 0$.
What is the value of a currency that is used as the basis of all financial transaction? Its the global GDP.
This sounds reasonable😊😊