I still feel like e-commerce is the best way to increase demand! Even if she start with just selling digital products! For example gift cards or if we got digital subscription services who would use Steem as a payment method, camming sites, it could work so well for creating trade opportunity so people can buy, sell or trade services for it with no transaction charges! It’s just really about adding more touch points and reasons to trade it for digital or physical product
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I understand the rational...but one of the issue is that the competition (real dollars and CC) have made it stupid easy to buy stuff online. Use crypto, for the average person, is an extra hoop to jump in order to buy something.
I 100% agree with you! We’ve been hooked on cheap fake money and the transition for all crypto to compete will face the same issue!
While I’d love to have steem be a mainstream option what I was thinking of as a jumping off point is the fact that steemians are selling their Steem for a reason to buy goods and services outside the ecosystem
If we can bring in vendors who can provide even 1 service it helps us recycle the supply and bring in real work value!
From there we can continue to pull in more services over time by collaborating with service providers!
Imagine for example we partnered with Netflix and people would pay their $10 a month in steem!
Steemians could then blog about the shows they watch creating content for Netflix which they could upvote and distribute some inflation to subscribers! Which gives them an incentive to hold steem to reward user, it would bring more Netflix users into steem too!
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Why would a vendor use something that has variable value? I don't see any crypto beigg very useful in transactions that are intended to compete with fiat. You can't have a crypto that competes with fiat, otherwise regulation would destroy the ability for the crypto to be mainstream.
What crypto is good for is really 1 thing, validity (hence the immutable ledger aspect being the golden cradle crypto). How we can use validity to bolster the value of a crypto coin is the question I think we want to answer.
They would want it because it’s an appreciative currency and for diversification of assets! Fait will always continue to lose value so wouldn’t it make sense for businesses to collect income in various means?
In my business I accept my local currency as well as various international currencies as well as cryptocurrency!
In my personal finance I hold money, stocks, policies, crypto, real estate and gold! Holding only one kind of value set is an archaic principle!
Even if Steem is worth 40 cents now and never earns an additional satoshi higher which is unlikely, the fiat inflation will eventually see it rise over any fiat current and continue as the buying power of fiat decreases!
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I don't agree with you
So, Can you imagine instead of STEEM, we earn BTC or at least ETH?
I think things would look different
What I'm referring to is political competition.
Oh! Sorry! Mad Bad! Maybe, I lost in translation 😉