Eating ribs with my brother talking about crypto.
I had dinner with my brother this evening.
We want to see each other more often because in the past this has slipped a bit.
Now we go out for a bite from time to time and that's very nice.
Just 1 on 1 as brothers.
Of course because of my recently new adventure on the blockchain we have more common ground to talk about.
Before it was me in IT and him in finance.
Now we can talk about crypto and also about investments.
It's a lot of fun.
My brother has become a member of Steemit not long ago and he also (to my surprise) started blogging.
His name is @look4balance and he blogs about finance from time to time.
I think one of the biggest question he is trying to solve for himself is to find out what the value is of a crypto currency (including a STEEM token).
When you value a company you have many indicators to look at but this doesn't always work for a cryptocurrency. read his thoughts here.
Of course, he is not the only one that struggles with that question, many people do, including myself.
I have no experience in finance but luckily I do have a lot of experience with crypto currencies.
I have been using them for a long time and the way I rate them is pretty basic. I compare them to each-other. I look how well they work and if they serve a use case.
This is one of the reason I don't invest much in ICO's for instance. Most are on the Ethereum blockchain (that can't scale yet) and most of them don't do anything (no use case). (There is of course a lot of future potential and I think that drives the price.)
STEEM on the other hand works, has a use case and it can scale. It's what made me invest in the first place.
Now, The STEEM blockchain is growing and has a lot of active development and a clear vision where it wants to go.
But...truth be told I have no idea how one would calculate what that is worth in USD.
For me that is for the market to decide and I can live with that uncertainty.
Maybe that's a difference between my brother and I :)
I love these evening with my brother and I look forward to the next one.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
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I did follow your brother from time to time.
This is the most legit question ever ask about crypto.
Where is the valuation come from?
Aware of fiat establishment, it is a different ball game.
Crypto moves mostly by emotions and a use case like you said previously.
By the way Family first, glad you take this moment to show how important is this bond.
Keep on steemin'
Ribs and crypto. What a combo!
I agree with your sentiments on Steem, in that it is unique, can scale, and is being used by thousands already. Sky’s the limit?
Time will tell.
I have 1 brother and don’t see him much, but had a great ski trip with him 2 weeks ago. Was great fun.
Cheers, thanks for posting!
Like you and your brother, crypto has brought my brother and I closer :) Steemit is such a great platform and watching STEEM grow has been amazing as well as learning from others here on the Steemit community. Definitely following as I know there's a lot I can learn from your posts. Lovely Tuesday to you!
Wow. Looks like a great time. It's nice having Steem buddies.
I'm really excited about STEEM growing.
By the way, ribs are one of my favourite meals.
I eat it at one restaurant in my hometown, where they bake it in marinara of honey and serve it with potatoes.
It has to be one of the tastiest things ever.
I like ribs too :)
That is the same question I always ask myself when i see specific people choose their coins - do they choose the crypto's based on their whitepaper? Their CEO? Their social media presence?
Anyways, its hard to see brothers get along these days - i'll make sure to show some love and go follow him :)
Dinner out with your brother and your favourite food too. How awesome is that? I think it's great and now you have Steemit in common...
Great to share some quality time with your brother (and family in general). With your talk about crypto and him about investments, the only way is to get down and dirty and the best compliment to that is with a stack of ribs!
We put "value" of a crypto currency in terms of USD, which is what attracts people, but the real value is in its knowledge, technology and use.
It's an interesting comment about ICOs and there is a real problem there. There are ICOs happening left, right and center! Which ones are a) actually real and b) is different from the rest and worth investing in. There's a lot of future potential as you say, but equally a lot where investors get burnt. Stay real, due your research and due diligence. You can't crack all the good eggs, but prevent yourself from getting the bad ones.
Good stuff, man. It's great when you have someone to talk about your crypto passion. Especially if they share that passion with you.
good post, will definitly check your brother, would like to ask him some stuff to get the finance guy view point...
I know you said you don't like investing into ICOs, but you should check out refereum man, great ties with twitch(top streaming platform) and fortnite (one of the top games atm), they are still in ico and you can get a airdrop for free, i would post my referral but don't want to be flagged for it...
We already have Dlive. It's functioning and getting better every time.
True, still, getting into refereum, getting the free tokens, selling the tokens and buying steem, win win scenario xD