You are viewing a single comment's thread from:

RE: Why Has Steem Gone Up So Much? The Mark Zucherberg Effect? Is the tide turning?

in #steem7 years ago

Thanks for the news story. I must have had my head down because I didn't know this breach happened with Facebook. And thank you for the pep talk about steem. I think everything you said is true about not having competition. Steems price being influenced by bitcoins price moving up, and if that trend continues it also suggests that bitcoin has no competition. I don't mean from any of the altcoins, I mean from government currencies. Ever since private currencies were banned governments had a monopoly, now the monopoly cannot compete with decentralized currency, just like facebook cannot compete with steemit. They only chance of competing is to maintain their grip on fear or complacency.