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RE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!

in #introduceyourself8 years ago (edited)

@kyletorpey Replying to first @.

Ok, I see what you're saying. Yet, it needs digital cash + special economics. If you implement those properties outside of a cryptocurrency, it's hard to get a point where the cash can be exchanged for real dollar value (you have to build an exchange). In the cryptocurrency implementation, it's hard to see how Bitcoin will be able to support a custom economics like this any time soon (and, especially, how it might be done in a fee-less way).

If you know, I want to hear it. But still, my impression is that by the time we find the answers, Steemit will add some more 10Ks of users.

Full disclosure: At this point, Steemit may be disproportionately compensating me for defending it.