RE: Losing confidence and everyday PHUD
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My account is #1,758 on Hive. When I first checked I was around the top 800 but had 3X as much HP. It seems Hive has edged down the requirements a little too, but compared to Steem, wow!
But, I do not want to use crypto to strengthen a position in the old economy when I am moving toward its replacement.
I see where you are going, I want to both better secure my position in the old economy and be well suited for the new economy.
Without getting into a huge debate, I think we are going to see hybrid systems like centralized blockchains existing for a long time. Even though the centralized authority can change it (so it won't be immutable), they cannot keep those changes secret which is a huge advantage of a distributed ledger and a massive step forward, not to mention how efficient the government databases will be.
Korea is investing a lot into crypto and crypto startups and even getting the central bank involved, it will be a fascinating ride.
Yes, but I think a lot are strengthening their position in the old, by weakening their position in the new - at least, we have to start converting over somewhere.
I agree on the hybrid systems, this isn't going to be an overnight fix by any measure - nor a clear path to change.
Gotta go where the money will be. :)
!ENGAGE 20
ENGAGEtokens.