I tried to explain my mom how a platform like this generates its money by simply making it out of nothing and dividing it through an algorithm. Somehow this concept of money being created out of nothing is not possible, but the fiat currency we use in our daily lifes is..
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Yeah people don't really understand money. If they did they would be pretty concerned about fiat. They don't even understand that gold only has the value it does, because we have chosen for it to have such value. Yes, there is the scarcity aspect, but that is not always the driving force.
Exactly my point, they take it for granted without questioning it whatsoever. Can't totally blame them though since our education system teaches us not to ask to questions..
Another thing the Prussian Education System was praised for when it was created.
I like to say lately that STEEM unlike most currencies is actually backed by something. It is backed by our ideas, creations, etc. These things all live in the steem blockchain. They are interwoven and thus STEEM may be one of the few cryptos and thus currencies in general that is actually backed by something.
That is a nice analogy, but almust every currency is backed on our beliefs, they just don't all make as much sense.
I agree. I find the fact steem is so intricately interwoven with our creations here as potentially lending it a lot of intrinsic value. It all depends upon how much value people put on their own creations. For me it is one of the most valuable of things.
Steemit the idea its founded on truely is inspirational, I do think it has some ways to go but has the potential to bring a more healthy environment for social media. I actually wrote an article on it u might enjoy https://steemit.com/steemit/@droucil/how-an-idea-like-steemit-could-change-the-entire-internet