[Steem talk] Crypto is not currency

It's been more than 2 years since I am here in #Steem #blockchain creating content, investing my other crypto, some from BCH mining, some from Dogge mining, and a little bit and there from project payment. Frankly speaking, as if I have never really using my fiat buying any crypto in my life, never.

Well, put it this way. When I say I did not use fiat to buy, it only reflect that I did not use "cash flow" to change to "crypto flow". I still "work" my way to earn my crypto payment. In actual fact, I'm working in the crypto realm, earning my crypto and investing in many more crypto. There's this event happened earlier this year when I was doing a translation job for a China company, they're supposed to pay me via WeChat, but then suddenly Tencent found out I'm foreigner and frozen my CNY wallet. I tried to receive but unable to, however I'm able to send my CNY out from my wallet. I consult the customer support and they said due to security reasons, all CNY wallet holder must be verified with legit Chinese Idendity. The rest, is history. I sent all the balance to one of my most trusted friend and call off the deal.

Now, this is different than crypto, the CNY wallet that got frozen has nothing to do with the "money" in it. It simply means electronic currency has been deposited into an electronic wallet hosted by the company that is responsible for it's value, in my case Tencent is the account liability not my currency anymore. Each of these currency are still governed by their respective government, but Tencent is the company that has to "declare" the value I have stored in the "electronic wallet" they created for me. It was never even once these money value stored in Tencent wallet are call crypto.

In crypto world, crypto instrument had became a "commodities". It's like barter exchange. I can fix my work for 50 steem per translation of a 1000 word piece. Someone could offer a cheaper labor price for 40 steem. But translation is not only a language skill, translation itself is a skill. It is up to the hirer to decide who to give his crypto to initiate the job. If I got the deal for 50 steem, I will have to hold on to my promise because the deal is in crypto, I could not possibly tell my hirer recently steem dropped a lot against USD and currently at 0.13, and I demand to the hirer to pay me 80 steem for my job.

I know it seems doesn't make sense, for people to earn in crypto and spend in crypto. That is because we are still at the very early and begining stage of crypto realm. Nobody knows what will all these turn out to. Even BTC was at almost 20k awhile ago, we wouldn't know if it will fall all the way back to 0.003 when it was newyl launch to the exchange many years ago.

So, once again. Why would anyone ask how much a #steem worth nowadays when I ask them to start creating content and start to build their crypto empire? In the end, it doesn't really matter how much it worth if we do not sell them for fiat. At this point, we just wanted someone who will exchange our crypto for food, for neccessity, for goods, for product. And I wish the seller can find their supplier who accept crypto, and who knows the supplier become my buyer and in the end the crypto I have paid come back to me as exchaging my product. With this we will be able to complete the crypto lifecycle in tokenomy.

Source from Pixabay