A New Way to Support Web Comics: Steemit (Let's get this started)

[joe_galindez]

I'm still sad that Coinye never became a thing. If you want your money to be popular you've got to give people the opportunity to become emotionally attached to it. It can't ever just be "credits", it's gotta be bucks and benjamins, dimes and ducats. Coinye would have ruled them all.

I have a feeling that the next big hacking incident is gonna trigger a massive Bitcoin panic. And while I don't look forward to the aftermath, I feel like it's an important step towards maturity. Faith must be tested before it can be tempered.

[Lennart]

gotta launch the patchwaladincoin

It trades in puns of high quality and value

[joe_galindez]

patchwaladincoin

In Tagalog that translates roughly to "Patch has no coins either."

PERFECT.

[joannekwan]

Bitcoin and other cryptocurrencies are used because they aren't trackable like real government-sanctioned currencies and can be used for criminal activity.

[Lennart]

Tagalog

It was unintentionnal, an accident... xD But i'm glad it ment something funny like this.

[joe_galindez]

I know. I'm not comfortable being involved in that. Also, illegal stuff can't be that much compared to the rest of the economy.

I looked and there doesn't seem to be a cryptocurrency that is a stable holder of value. Bitcoin is going up, and that tends to discourage people from spending freely.

EDIT: Holder not source.

[CaptnHeroic]

It is the same with any money. The USD doesn't hold a stable value either. My parents tell me stories of buying a coke for 5 cents.... Now, they are $1.50. The coke hasn't changed value, a coke is still just as valuable, the US dollar changed. If you put $100 in a jar and save it for 20 years, then decide to spend it, that $100 is going to get you less in 20 years than it is now.
One of the cool things about crypto is that it's value changes. The value inflates with everything else around. True, this makes people hold on to it longer as an investment, in hopes of getting rich during a spike, but there are those who spend it as well.

[joannekwan]

My parents tell me stories of buying a coke for 5 cents.... Now, they are $1.50.

Well that's just normal inflation … >.>

My husband's a public accountant so I am inundated with economy/tax facts and news, and recently he's been getting worked up over cryptocurrencies. In his (and other finance-minded people's opinions) your money's safer in stocks, it's just so risky with cryptocurrencies since their value isn't guaranteed by any government.

Where do you even go to cash them out? Their mere existence jut baffles me.

But I'm getting off-topic …

Just buyer beware.

[joe_galindez]

The difference is in the scale. The US dollar is known and accepted worldwide. Countries hold it in reserve,and it's used to trade in all sorts of goods, not just the illegal ones. It's not 100% secure, but it would take a lot to shake people's faith in it.

Meanwhile Bitcoin's growth seems to be fueled by memes. Sure it's an investment, but I question whether it is a wise or moral one. Other investments pay dividends. With Bitcoin, you're gambling on either the value going up forever or being able to sell ahead of the rush.

Given how fanatical some of Bitcoin's supporters are, I predict that the crash will be followed by a wave of suicides and maybe even murder-suicides.

[CaptnHeroic]

100% agree with that last part! if it crashes, I'm sure people will panic and freak out. As far as it being moral, I see no issue with it. All money even the USD is used by criminal organizations. Bitcoin is just another way for them to sell their merch. There are MANY other uses that you can use Bitcoin for. There are even bitcoin ATMs where you can get cash out for your bitcoins. Need to buy bread? Cash out some Bitcoin and go get it.

But this is getting way off point. Steemit is a crypto, but it doesn't use Bitcoin. And you don't have to invest anything at all into it. It's simply a platform that utilizes cryptocurrencies and offers a reward to those who use the platform. Even if the platform crashes one day, if you don't invest anything in it, all you have lost is nothing. If your readers enjoy your comic, and steemit crashes, many will find you somewhere else.

[joe_galindez]

Every investment has its flaws. Stocks an be secure, but morally iffy. Land is nice but depends on stable government. Steemit actually has an option to convert Steem into gold that's held in Dubai vault. Not bad, but now you pay extra attention to the Middle East and you pray that Elon Musk doesn't find a solid gold asteroid.

This is why I put all my savings in Bison dollars.

[joe_galindez]

As far as it being moral, I see no issue with it.

What about the predatory nature of speculation?

[lunaartemisasama]

But Venezuela will have its own cryptocurrency!

Wait a moment...

[joe_galindez]

Venezuela Set to Launch Its Own Oil-Backed Cryptocurrency

Beyond oil, the crypto will additionally be backed by Venezuela’s oil, gas, gold, and diamond reserves.

Isn't that just regular money?

[lunaartemisasama]

As far as I know their inflation is so much that they can't even create (print) their own bills anymore. That's why they are trying to use the cryptocurrency as an option.

Nowadays its currency is not stable, so unless they find a way to do it I don't see it working (but, who knows?) . Because there's no open market and the prices are controlled by the government.

Money printing, production plunge cause hyperinflation in Venezuela

[ghostmaya]

This is interesting im going to try to sign up

[CaptnHeroic]

If/when you do, post your link here! I'd love to follow you and we can all support each other

[Lennart]

posted some other articles on there today, but i think the platform is a bit skewed in some way, even when you take some effort posting things and i see other really taking effort and time doing long well written posts, it feels like a lot of people struggle on this platform...

[CaptnHeroic]

I think it is much like any other social platform, it depends on when you post and who is following you. Most of my post have made between 1 and 25 cents, but I've had one post to almost reach $10 (worth of Steem). So I'm going to keep at it and I will let everyone know how it goes.

[Ghostie]

Yoooo I was only gonna host my stuff on Tapastic, but hopefully if I can figure out the coding (I suck at coding anything) I can set up my comic there too. .D This is neato!

:EDIT: Signed up, just waiting for approval now. c: This is pretty sweet.
:EDIT 2: Alrighty, all linked up and made. .D

https://steemit.com/nsfw/@pantycakes/the-deep-blue-taboo-prologue-1-webcomic