Higher Social Activity = Higher Currency Value?
pseudoeconomicsยท@kevinwongยท
0.000 HBDHigher Social Activity = Higher Currency Value?
https://s30.postimg.org/5hcinrxf5/social_media_552411_960_720.jpg I've always wondered if [high-frequency trading](https://en.wikipedia.org/wiki/High-frequency_trading) in the forex markets have anything to do with improving the value of its currencies. So I Googled a question and found this in [Quora](http://money.stackexchange.com/questions/15940/does-high-frequency-trading-provide-economic-value):- >HFT is often bandied about in the media as a greedy activity that produces no real economic value. It's an easy to believe argument - certainly no ipods are directly created and no minerals are mined. The argument doesn't seem like a proof though. > >Is HFT creating economic value via creating liquidity or some other value or is it truly just theft and why? Personally, I think high-frequency trading can be made to produce value. Look at it as high-frequency *social activity*. Our ancestors used to trade, buy, and sell. Now Steemit is speeding up this process between people (or more abstractly, markets) with the use of post, comment, and vote - soon to be made limitless. ### A Call for Minimum Viable Culture (MVC) If we're going to have a useful, valuable currency - it should be used frequently, right? Preferably with a minimum understanding of value - it's subjective, perceived. I think the following quote is very profound:- > *Interaction first, transaction second: the new control is trust. Therefore, I propose that our thinking โ and then, our actions โ must urgently head in a different direction. Here is why: transactions are always a consequence of attention and attraction, interaction, communication, engagement, and trust. It is never the other way round.* > <sub>by Gerd Leonhard</sub> No matter who you are, just Steemit by *posting, commenting, and voting*. - Be contributory. - Listen / Learn / Adapt. - Have fun (optional). - In one word, being **social**. If you need to bot things up, I would suggest giving a follow on accounts that seem to exhibit this Minimum Viable Culture. Such characteristics would improve perceived usefulness / utility for the network, which in turn should also improve the value of STEEM. That said, I'm glad there will be a focus on communities / engagement / stickiness down the road. The STEEM blockchain is designed to be fast and frictionless too, which helps with this line of thought. So if value is based on belief, then ***widespread*** and ***frequent*** usage of said currency gives it value, am I right? I have a feeling there may be a *rock & roll* phase coming soon, whatever that means. <center>https://s27.postimg.org/t6ha4ya7n/Social_Network_Diagram_segment_svg.png</center> --- <center><sub>*Images from Pixabay and Wikimedia.*</sub></center> --- <center>https://s29.postimg.org/tk8iglttz/SOL3.png</center>
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