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https://www.steemimg.com/image/Ep33i
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Steemit is Essential Bootstrapping a Digital Currency we like to call Steem ,
What is 'Bootstrapping' you may be asking yourself ?
Bootstrapping is a situation in which an entrepreneur starts a company with little capital. An individual is said to be boot strapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company.
User's who a powering up in return of receiving a greater share in Steemit Ecosystem are basically Bootstrapping Steem , which is essential a Cryptocurrency.
At this very moment , Cryptocurrency is not widely accepted , it's still a Billion Dollar Cap Market unlike the Trillion Dollar Forex Market.
My bet is that , Steemit will make it easy for the average non-technical person to get into Cryptocurrency Market , with little Restriction. Most People will eventually accept the concept of Digital Money , some faster than others' , just like the idea of Fiat Currencies being Centuries old , we are embracing the idea that Digital Currencies like Bitcoin , Ethereum and Steem are more than just medium of exchange with their own unique properties and characteristics.
Once people realizes that everything is a Ponzi Scheme , essentially accepting that some are recognized as Illegal and some Legal ( Hint: Central Banks printing our Money Supply ) , we may determine which Scheme distribute Wealth more equally. Glad that the Banks & Governments stimulated the world through Finance and because of that we were able to fund our Innovative Human Progress , especially the last 200 Years. But it's Time people wake up and realizes we are stealing Future Generation Wealth , so that we may benefit today. Don't let our Children pay for the Debt we accumulate today through a Legal Ponzi Scheme of printing money without considering the consequences.
Love the idea , that those who contribute to Steem get their fair share of Wealth from the Steemit Ecosystem. Steem may have flaws but it's definitely not going to collapse anytime soon , like how our Financial Markets today are on the verge of Bankruptcy due to Debt and Credit.
Everything in life is a Ponzi Scheme , because there is someone on top always trying to make money (They work hard to get on Top) . But a more Transparent and Decentralized Scheme is much better than a repetitive lie that enslave future Generation and is recognized as Legal by the Top Elites (Governments & Banks) . Wake up people , Money is the Root-of-Evil ,
so it's your choice to believe in something or not . Steemit to me is Distributing its Wealth more effectively than the Government & Banks without having such a Toxic Impact on the Future Generation .
Before you call it A Ponzi Scam , why don't you tell me about a system which has the potential to distribute wealth from the Top Elites to it's Hard-working Individuals. It's hard for the Brain-washed Traditional Mindset to accept a new concept because who likes changes when they benefits. The fact that Cryptocurrency is actually a Disruptive Tech towards Finance , it may be one of the main reasons why this may take some time to be accepted .
The establishment of Steemit and the use Steem , is a clear indication that Society is getting more Educated . This is more than just a Social Platform , we are essential the FIRST GENERATION to be actually educated on how Economics actually works and the flaws behind it. Bootstrapping a digital currency , may get rid of the idea that money is the root-of-all evil , because it's not Evil , it helped us fund all our Economic Growth but at same time its burdening the Future in some way or another. A more transparent blockchain is much better than a lying Government or Banking Cartels
I love Steemit and urge everyone to get more Educated about the Implications of Blockchain Technology & the impact it will have on future Generations . Before doing so , please question yourself on how today's Economic Systems really function under the leadership of Banks & Governments and perhaps get idea of what actually is a Illegal and Legal Ponzi Scam.
