Hello Steemit Community,
You guys may know me from our YouTube channel, Cryptosomniac. If not, and you're interested in more of what I do in the crypto space, head on over to https://www.youtube.com/cryptosomniac and join me in the chat on a live stream some time!
I've got a question for you: Do you think cryptocurrency has intrinsic value? Bitcoin is a relatively quick and inexpensive way to transfer value across the world quickly compared to the FIAT banking system. Decentralization of the Bitcoin network, coupled with cryptography provides robust security from hackers. Bitcoin has a fixed supply, only 21 million will ever be created, offering an alternative to FIAT currency such as the US Dollar, which can be created ad infinitum at the whim of the Federal Reserve Bank.
Do any of those statements give cryptocurrency intrinsic value?
Some would argue it so, myself included. Part of what attracts me to the cryptocurrency space is the alternative to fractional reserve banking. The anti-inflationary nature of bitcoin, even with all it's volatility, provides me a safe hedge against my traditional investment portfolio in the event of a stock market crash. There will only be 21 million bitcoin EVER, so as long as I keep accumulating it over time it's value SHOULD increase. No matter how many USD I manage to save up in my traditional investments, over time the VALUE of that USD will have gone down. What I mean by that is the purchasing power of my $20.00 bill will not be enough to buy the same things I can buy with it today. Even if I save up a million dollars in my 401k, it won't be worth the same amount by the time I do. I have to hope that my interest will compound fast enough to outpace inflation between now and then.
You starting to see the dilemma yet?
Until mass adoption occurs I'm still effectively gambling my hard earned FIAT against my hopes that the masses will understand the value of a blockchain economy and stability will come as more people are accepting and using it as a currency rather than just a speculative store of value.
Many critics of the cryptocurrency market point to volatility as the reason we haven't seen mass adoption yet. Stablecoins like USDT or TUSD offer traders a way to preserve their accounts in the event of a market crash, but many people don't trust Tether since they've never been properly audited and continue to create more tokens.
Tiberius Coin AG looks to solve several problems they see in the cryptocurrency market; lack of "intrinsic value," minimal crypto to fiat liquidity, and the volatility of the market price. We think the upcoming ISM is a pretty unique offering in the crypto space, with each token representing a "basket of metals." What does that mean? Check out our new review video where we dig into what they're mining!
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Disclaimer
This is a sponsored review. We do not hold, and have not been promised any tokens by the sponsor, and have provided an objective and unbiased opinion of this project based on our own research.
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