Why would a vendor use something that has variable value? I don't see any crypto beigg very useful in transactions that are intended to compete with fiat. You can't have a crypto that competes with fiat, otherwise regulation would destroy the ability for the crypto to be mainstream.
What crypto is good for is really 1 thing, validity (hence the immutable ledger aspect being the golden cradle crypto). How we can use validity to bolster the value of a crypto coin is the question I think we want to answer.
They would want it because it’s an appreciative currency and for diversification of assets! Fait will always continue to lose value so wouldn’t it make sense for businesses to collect income in various means?
In my business I accept my local currency as well as various international currencies as well as cryptocurrency!
In my personal finance I hold money, stocks, policies, crypto, real estate and gold! Holding only one kind of value set is an archaic principle!
Even if Steem is worth 40 cents now and never earns an additional satoshi higher which is unlikely, the fiat inflation will eventually see it rise over any fiat current and continue as the buying power of fiat decreases!
Posted using Partiko iOS
I don't agree with you
So, Can you imagine instead of STEEM, we earn BTC or at least ETH?
I think things would look different
What I'm referring to is political competition.
Oh! Sorry! Mad Bad! Maybe, I lost in translation 😉