| json_metadata | "{"appParentPermlink":"pk9mkc9kw","musingAppId":"aU2p3C3a8N","appTags":["steem"],"appDepth":2,"appBody":"<p>I think in the future it may be used but first if it's price stabilizes and can hold its value at usd 1 to 1 Steem or more to have more people want to use the currency. The most important thing about a currency is the store of value. It is a question of whether Steem can be used as a store of value or not just like gold.. If it can, then Steem could have a chance of use as a payment along side the usd. The next thing is there needs a mechanism to prevent the price from fluctuating. If the price constantly fluctuates how are the users assured of the value of each steem and their purchasing power. Imagine paying school fees. This month it's gonna be 120 Steem and next month it drops to 50 Steem. Then would we actually have a fluctuating income? At the moment it is still considered more of a commodity rather than a payment. If there are more payment and exchanges that would use Steem then the use of Steem would increase a lot. <\/p>","appCategory":"steem","app":"musing\/1.1","appParentAuthor":"ijoel","musingPostType":"answer","appTitle":"Will steem be accepted and recognized by the world community as a payment instrument such as USD?","musingAppVersion":"1.1"}" |
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