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RE: A Little Something For the Delusional Anarchists of Steemit

in #anarchy8 years ago

Great post @kyriacros. You are right about there not being enough critical thinking, that is so important. Also check the Steemit whitepaper about Metcalfe's law and the network value of money. Remember money and value are two different things. A great book to understand this is The nature of value. Why am I mentioning this point? Well, you mentioned that everyone in the future will have their own coin/token. I am not so sure. It will grow out of networks. The largest networks will have the greatest total value of all the tokens and higher value per individual token. Research by Nick Gogerty and others shows that their is a price of about 1000-2000 USD for each of the current tokens like USD, Gold, Bitcoin and others according to MetCalfe's law. So if I made @lpninja coin today, it could have 1 trillion tokens, but the total price of all will be zero because there is only me using it. So, things that are more popular will naturally have more value per token. Ok, so that's what I was getting at, sorry if I explained it in a round about way. Great writing and keep it up.