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RE: Bridging the Gap with Steem!

in #steem8 years ago

Bridges are a necessary until people and merchants start using crypto currencies without the need for a "trusted" middleman. ie without first switching over to "fiat". Steem with it's $teem dollar is helping early adopters make this transition because they don't have to convert something like .000275 into something more meaningful. Every transition requires a "device" to bridge the gap. The music industry went through this with the eight track -> cassette player and then the cassette -> CD player.

Similarly, there are new crypto "devices" coming onboard, like the many bitcoin -> debit/credit cards . People HOLD their coins and spend them as required. Examples are e-coin.io and advcash.com.

cryptocapital.co is also attempting to fill the gap by reducing bank friction.

Keep up the great work.

Some of my posts The Underbelly Of The Whale, My Steem Engine (Miner) Experience, Minnows In Whales Clothing, The Emotional Roller Coaster of Investing and The Power Of Minnows
@steempool Turning Minnows Into Whales
steemit.chat user masterinvestor.

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Awesome to see others working toward the same goal! Great analogy with the music industry and "devices" to bridge the gap. We are definitely in a such a transitional period now - the cryptoeconomy is the future of finance. :)