Saw this video clip from the Bloomberg Politics Youtube channel on r/cryptocurrency today, as many of you know Andrew Yang is a supporter of cryptocurrency and the underlying tech, blockchain. He's one of the few candidates running for President in 2020 who seems to understand it and its potential and what he's saying is absolutely true.
Imagine someone who wants to invest in Steem today for instance, say someone from the U.S. which has more rules and regulations for citizens to even get involved with cryptocurrencies, let alone how hard banks make it with blocking their customers from sending funds to exchanges related to crypto. They have to overcome such hurdles to even get themselves some Steem even if they were interested and willing. You can't just say "well just create a Binance account, lol" cause Binance is blocked in the U.S. and they had to create Binance US for those customers which right now doesn't support the Steem pair unfortunately. This is something also very ridiculous to me that they don't see how needed this pair is on that exchange considering a majority of the traffic to Steemit/peak comes from the U.S, you'd think they want to meet that demand. We can hope for the best that they'll add it soon, though. The interest in Steem showing by it's increasing volume lately will hopefully make them interested.
Anyway, I am hopeful that 2020 will make it easier for outside investors and regular Joe's to purchase crypto and that our platform will be ready to accept them easier as well with account creation, key safety and starting tutorials. There is a lot of Steem resting on exchanges doing nothing with a majority of traders probably not even aware how they could use it or that they are missing out on inflation. Many probably even know but the 13 week power down scares them away because they are traders and are looking for the next 50-500% pump to trade part or all of their Steem off or attempt to increase their holdings that way. Hopefully with the potential power down change this will get them more interested in participating in our network and at the same time keeping their coins more secure than on exchanges, until then we can hope no big hacks happen. Steem has been lucky enough to avoid any major thefts during the big hacks of Bithumb and Upbit, maybe it's been due to it's low value that we've flown under the radar from hackers and they haven't bothered stealing them off which is a good thing cause a few million stolen Steem at the low volume's we've had would've been bad news for our price if they were to get dumped as quickly as possible.
I hope that even if Andrew Yang doesn't make it far into the election that others side with him and his ideology of crypto and blockchain. If you listen to the other things he stands for such as UBI due to the rise of automation he seems like a pretty smart guy who can see a lot of the imminent problems facing not only the U.S. citizens but the whole world and its employment rate. Automation was something that attracted me to Steem in the first place when I first heard about it, reward people for being people, curators, artists, creators, not laborers as that's something we might be good at now but nothing will be able to beat automation - ask the stock traders from a decade ago what they are working with today.