How right that is.
I have been working into trying to create incentives for business in south america to accept SBD but the volatility as it is is too high and risky.
I think use of the debt instrument is key for business adoption and once we manage to work that out it will have a very positive impact in the prices.
These tokens have no inherent value but what we want them to have, and real life uses are key to further develop the platform.
I've spend months in to developping a money pouch linked to discord for ease of use to try to make easier to adopt SBD as a means of payment without compromising security and at the same time ease of use.
And have had to rethink the whole concept because of the broken peg.
Ahhh hold on there, there IS NO SUCH thing as "inherent value" or "intrinsic value"
Value cannot be separated from the valuer
come on people.. didnt @mughat teach you anything??
The market value of steem is its value. Period. end of story. A business will use steem if they are forced to.
Find a failing local business like a coffee shop, now go show that coffee shop how to accept Bitcoin and Steem on a smartphone with a simple Esteem Mobile App and Bitcoin Bitpay Wallet App, which comes with a $10 Bitpay Visa Debit Card you get in the mail, so a business can just easily so easily convert their Steem to BTC with @blocktrades at the end of the day, send it to their Bitpay Wallet and get Cash out of an ATM , heck they can just use their OWN ATM in their own coffee shop if they have one! They can even use their own cash register as an ATM and buy and sell BTC or STEEM from customers too and charge a nice hefty exchange fee. Businesses must be free to partake in this sort of free trade, without the need for fucking government paperwork that tells them how much they can and cannot buy and sell things. I believe we are free to trade and we cannot start telling a business that they are not allowed to sell Bitcoin and steem along with Coffee, and I see West African nations with low regulation and small government (simply because the government just cannot AFFORD to be a large government, its perfect place to experiment!) and we can try these systems out, find out how much money a failing business can suppliment their income by becoming a small local exchange for crypto to fit. Imagine if every local store would accept your crypto or SBD you earned for fiat or products, well, at the end of the day if a store had a lot of crypto they just end up trading that on @yensesa a Ghanian Exchange which will soon also workin Nigeria and all Mobile Money equiped west african countries, Binance is also opening Binance Uganda with local Ugandan digital SMS sent fiat to BNB token pairs, so it will allow Ugandans to trade their local currency to Binance tokens, which is possible because in developing countries they are already using SMS digital money over text messages so it is easyto send fiat to people already, so bitcoin or crypto works VERY well withit! Its not like in USA or europe where we have to freakin wait 3-5 days to send bitcoin to our Bank with Coinbase. In Africa they can do things Faster because of technological/economic leap frogging.
Anyway really do need to expand steem into small businesses and create Apps like the @letseast app or the @actfit excersize app, we need an App for store owners to be able to easily accept steem or SBD with invoices for products that meet all the global standards etc. to make it easy for a store or business owner to begin accepting Steem or SBD with a complete invoice suite etc, make it like the paypal merchant app or the other merchant invoicing apps, but have it use Steem/SBD (and also Bitcoin to sell it as an app to accept bitcoin, maybe shapeshift can allow most other popular cryptos too, so we can really make teh app popular.