What is point of all this when you have no trading activity on the exchange and nobody willing to trade it against bitcoin or dollars?What is coin any use for??not so much a crypto coin
It may be interesting to note that in the years of my involvement with crypto only one BTC of my cryptfolio was ever traded for fiat. That was due to being caught in a spike in 2015 when padding a buy order on an exchange. You can call me a HODLer in the true sense of the word.
On the STEEM social media dApp, Condenser, one hears this all the time. The price of STEEM and how STEEM is over because of its price against fiat. There is still this hold over mentality that speculators are the only reason for crypto. They do not see, in STEEM's case, the fastest cheapest transactions on any blockchain out there. They do not see how the DPoS Governance of STEEM has dealt with the scalability issue. They do not see that STEEM is not so much a
crypto coin as a
utility token. There are games like Wizard of the Coast cards running on the STEEM blockchain that allows cards to be created, owned and traded over the same chain. There will soon be a time when people using STEEM dApps will not even know they are using a blockchain. One such dApp is under development in my hobby lab at
trollkeep.com.
To see a crypto token only through the eyes of a fiat investor is very limiting in my opinion. DevCoin is a very old, secure and, almost, impossible to ursurp blockchain. You may not see any value in it because of how much the token is
presently trading against fiat. This viewpoint is shortsighted in my opinion. Although STEEM is DPoS and DevCoin is PoW, they share many simularities. They both reward content creators and both produce about the same amount of tokens annually. They are complimentary coins in my opinion. You will not be surprised to hear of me seeing great potential value in the DevCoin Blockchain; particularily in regards to the merged mining of #DevSTEEM.
This is not meant as financial advice due to the fact that crypto is a technology to me, more so than a financial vehicle. Like
MarkM was told by me way back in the day when he wanted to chip in on a pizza or something with BTC. "It is a great technology, Mark, but it's not money."
In hindsight maybe we were both right.
- Nova