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RE: Cryptocurrencies Are The Craft Beers of Money

in #cryptocurrency7 years ago

Hello @stellabelle

Just like you said money without purpose is bound to get extinct.

There have been a lot of ICO's lately and for some of the coins does not have a definite purpose they are mostly going to be pumped and dumped.

That is one of the reason I love Steem a lot of my people from my country who see the amount of Steem I hold in my wallet tell me that I would lose it. That it is better for me to sell and hold the money in fiat.

Someone even went as far as comparing Steem to Mooncoin.

In my opinion cryptocurrency has great power, for now most people are only interested in trading it to make money, but I feel its greatest application comes when it is used to solve Human problems, that gives it a purpose.

A dollar invested in Bitcoin seven years ago is now worth 1.4 million dollars, but big companies like Apple who provide goods that offer people utility makes billions of dollars a year.

Focusing only on the monetary aspect of cryptocurrency won't do anybody good. We have seen billionaires like Buffet and Gates give away huge sums of Money.

Money without purpose makes you feel empty and the sooner people realize that the better.

Thanks for sharing this.

@ogochukwu

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thanks for your insightful comments.