RE: HF21: What Makes Steem Valuable? by yabapmatt

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @eonwarped/ptnbbm

hf21 · @yabapmatt · Jun 25 '19

This is very abstract. I'm looking for a clear reason why a person/business/organization/etc would want to buy STEEM for something that isn't speculation or "because I can earn more STEEM".

For some examples, someone might say:
 - I bought Bitcoin because my local currency is being debased and the government confiscates precious metals.
 - I bought Ether because I want to use decentralized applications that run on the platform and that requires ETH to pay gas fees.

👍 resiliencia

`author`	yabapmatt
`permlink`	ptnmui
`category`	hf21
`json_metadata`	{"tags":["hf21"],"app":"steemit/0.1"}
`created`	2019-06-25 12:32:39
`last_update`	2019-06-25 12:32:39
`depth`	3
`children`	2
`last_payout`	2019-07-02 12:32:39
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	470
`author_reputation`	160,224,638,135,630
`root_title`	"HF21: What Makes Steem Valuable?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	87,271,668
`net_rshares`	17,066,884,294
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
resiliencia	0 B		17,066,884,294	50%

@eonwarped · Jun 25 '19

*I bought steem because I want to have more influence in the core social game (whose incentives have now been addressed to make things more fun)*

May not be the motivation for everyone, but it's there. And the usual benefits of steem vs others but who is really using those as reasons.

I'd argue the Bitcoin reason is also highly speculative.

👍 evanvanness

`author`	eonwarped
`permlink`	ptnnvy
`category`	hf21
`json_metadata`	{"tags":["hf21"],"app":"steemit/0.1"}
`created`	2019-06-25 12:55:15
`last_update`	2019-06-25 12:55:15
`depth`	4
`children`	0
`last_payout`	2019-07-02 12:55:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	344
`author_reputation`	88,102,208,706,615
`root_title`	"HF21: What Makes Steem Valuable?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	87,272,709
`net_rshares`	771,944,365
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
evanvanness	0 B		771,944,365	100%

@schattenjaeger · Jun 26 '19

No one buys bitcoin for reasons like that. Everyone buys bitcoin because it may go up in value and make them money.

This isn't rocket science.

👍 schattenjaeger
👎 coininstant

`author`	schattenjaeger
`permlink`	ptpkwj
`category`	hf21
`json_metadata`	{"tags":["hf21"],"app":"steemit/0.1"}
`created`	2019-06-26 13:45:54
`last_update`	2019-06-26 13:45:54
`depth`	4
`children`	0
`last_payout`	2019-07-03 13:45:54
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	143
`author_reputation`	132,607,893,972,093
`root_title`	"HF21: What Makes Steem Valuable?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	87,334,461
`net_rshares`	-11,693,926,678
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
coininstant	0 B		-25,896,701,007	-100%
schattenjaeger	0 B		14,202,774,329	100%