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RE: Bounty 20 Steem: Should we fix SBD?

in #sbd7 years ago

To my view, stability in crypto market will attract less investors and bring down the market. The competitive grounds we are looking at is the banks and master card users. They provide stable prices hence have great competition with crypto because of big gains. Perfect Money, Skrill have less popularity in the market but very old as compare to blockchain technology.

Again charging fees on Steem to SBD conversion will not make the market attractive.

What will make the market attractive and boost Steem and SBD is to make it more localized and easy exchange with our Local Banks, Mobile Money, and other Transfers. Most people love the idea but it seems more difficult to fund your account as a start up. One have to Fund alternative currency first before transferring it to Buy STEEM/SBD which increase cost of transactions.

Also, Education and marketing is a great key. Education on how to buy STEEM/SBD in a form of video tutorials will increase the market for Steem/ Blockchain. @jeffrybanfield is doing well in the marketing but it should be more.

Steem/SBD market price regulation should be an alternative. This will not makes it fall too bad and raise to high. Moderate price movement will be more preferable. Thank you

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Good thoughts. Why anyone around here wants to compete with Chase Manhattan is beyond me.

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