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RE: Into the win: Participation on Steem
I can't wait until my Steem makes lots of money. I'm not selling until it hits $50.
I can't wait until Steem replaces money. Why would I ever swap it for the thing it's replacing?
I am looking forward to being able to do a great deal through Steem in the future that doesn't require swapping it for anything else, either through upvotes or direct trade. So many opportunities in the future but, they require the foresight and risk taking in the now.
You can't pay for hookers and cocaine in STEEM.
Yet....
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In fairness even when you can, you'll still need some fiat to roll into a tube.
I wonder exactly how much impact going cashless will have if it crashes the vices trades. I'd guess that the government makes more on them than we might think. As all money eventually filters through into taxes, even if you believe that they have no under the table handouts from vices, that money still moves back through the system.
Straws might become even more popular in cashless, however.
I think that if anything, the vice trade will increase as people will both likely move more and, be lonelier through disconnection.
They'll always be there, you're right. In war time Serbia women accepted tinned foods as payment, in order to feed their family. I guess they'll find a way to get around all payments being tracked with fronts for anything illegal. Either that, or people will have to come up with a new form of tangible currency.
I wonder if you'd start to get cards, like gift cards, or tokens that you can load with money and pass on to each other like cash. Then people would still have something they can tuck into lap dancers garments. ;D
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I heard a story recently of women in Kenya accepting a bag of breadcrumbs swept off the floor... we live in a messed up world and hopefully, it will actually improve one day.