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RE: INTEGRATING STEEM AS A LOCAL CURRENCY IN MY SMALLTOWN (MIDWESTERN US) ECONOMY
As much is I like Steem it might be smarter to start with LitePay when it comes out on Feb 26.
Although, Steem does add a slightly more personal touch by making your user name the public key to your wallet. I've always thought it was a genius implementation.
Interesting, thanks for the comment @edicted, is LitePay a wallet or an ICO? The ICOs are really going to see the wrath of lawmakers across the world, in my opinion, but that's just my speculation of course take it for what it's worth. I like that Steem has a little bit of a track record to the public, but we both know how ideas can mushroom fast when they have a ton of merit. By the way, I am not at all slamming the release of all ICOs, its just that when one out of 10,000 is a scam, 10,000 times the coverage by massive media conglomerates is placed on the scam and the ignore the merit of the others. Thanks for the comment, feel free to shoot me back a comment if you have any counterpoints I try to take in as much info as I can, ESPECIALLY when it may be different than what I posted.
LitePay is Litecoin's new payment system. They are making it easy for vendors to accept payment and they will be issuing debit cards and stuff... it looks pretty awesome. As soon as they announced it was coming out on Feb 26 the price of Litecoin went from $160 to $230.
Ah yes, sorry brainfart, I heard about Palmpay a bit earlier, got them mixed up for some reason. I am reading a lot of really good stuff about how people are liking LitePay, now I can add you to the list.