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RE: A list of reasons this is going to fail...
I agree it was a good move considering the low price the only problem my are still stuck in Binance because they are still doing maintenance on there Steem Wallet...Damn it ☹️
I sometimes avoid Binance by sending Litecoin or Ethereum to Block Trades and converting it to Steem. I can get Litecoin and Ethereum from an ATM, removing the need for exchanges.