RE: STEEM Is Cryptocurrency 2.0: Here Is Why It Is A Huge Winner Long-Term
@vieira I am replying to your comment:
- With the Steem you can not buy anything in the real world, you can not buy clothes, food or medicine, nor pay gasoline. That is, you need to change your Steem for fiat....
Receiving value does not have to be fiat. Your house, a gold bar, Apple shares, and a Van Gogh painting cannot buy a cup of coffee either.
All that matters is that someone thinks it is valuable and is willing to exchange it with you for something they think is less valuable. It does not have to be fiat. However if you lived in Zimbabwe, Venezueala on Nigeria, you would find plenty of people willing to swap their fiat for literally anything else, steem included.
People choose to measure their wealth in fiat, but when the fiat approaches worthless that is no longer a good way of keeping score.
The only mathematically correct way of keeping score is to find an asset which has a finite supply, like bitcoin, and measure your wealth in that.
(We are all so much poorer now than a year ago.)
touché! I live in Venezuela and have hit the nail on the head. I would be one of those people who would exchange their Venezuelan coins for Steem. But I was just clarifying that for now it is not possible to buy products directly with Steem, which I want to be possible, and that is why I think that in the future Steem needs to be negotiated in another place besides the Exchange.