The Steem for Cash Local Matchup List! My Idea for STEEM and SBD Buyer/Sellers or ATMs to allow local cashing out of STEEM or SBD for 5-10% fee but you get CASH for steem and sbd LOCALLY!
(Accidentally hit enter prematurely, editing typos and finishing now)
My Idea for STEEM and SBD ATMs to allow cashing oout of STEEM or SBD for 5% fee but you get CASH, we can use existing bitcoin ATMs! ask owners to upgrade to allow purchase of steem or SBD at 10% and selling of STEM and SBD at 5%, (same rate to buya nd sell btc to cash) we can use existing bitcoin ATMs! ask owners to upgrade to allow seling and buying steem/sbd for cash for small 5-10% fees!
Like this!
(just made this image using stock atm cash photo)
after reading this article for the second time a week after reading in the first time, letting it sink in and returning to it, I was understanding the differences between powering up and powering down and finally starting to undertsnad it,
https://steemit.com/steem/@fex/could-someone-explain-to-me-whats-the-relation-between-steem-steem-power-and-steem-dollars
Basically from @tuck-fheman
"Power Up (STEEM POWER)
Vested STEEM over 2 years. Gives user voting power. The more you own, the more weight your vote has, the more money your upvotes give. Click the Power Up link to vest your STEEM. Power Up gains interest (you will accumulate more over time while in Power Up mode).
Power Down
Vested Steem (aka Power Up) that will be "Powered Down" over 104 weeks into STEEM. Each 7 days you will receive a portion of your Power Up (vested STEEM) as STEEM which can be sold for Bitcoin if you choose. The conversion (Power Down) will be done based on the current STEEM:POWER UP ratio.
STEEM Backed Dollars (SBD)
A "currency" which will usually be 1:1 with USD and have a 10% APR. They are fungible, decentralized, and as valuable as the network of users that support them. STEEM can be converted to SBD's. You can also earn SBD's by making post and 50% of your post earnings will be paid in SBD's while the other 50% is paid in Power Up (vested STEEM)."
(image from @sunlight80 )
a few days ago, and then looking at my wallet, using steemit, coming back to this and reading it again, i GET it and powering down is what u do to liquify your steem power, in case you want top transfer that steem to btc to cash which would be what u do to liquify your steemit account....the steem power power down makes you wait in weekly payments to receive your liquid steem that you can transfer to someone for bitcoins to sell for cash
Oh how i WISH oh i WISH they had STEEMit atms! if we had people who who would just signup on a sorted alphabetical location by city list on a Steemit Post, you just post where you are and comment below!!
Yes just comment below if you are willing to Buy Steemit and Sell Steemit for Cash in your local city! That way you can meet at a public place like a coffee shop and talk and you can make your exchange, either buying or selling steem...we could even offer a few percentages lower than the bitcoin ATM to offer an incentive, because it would also cut out the middle man or the bitcoin crtypto currency exchange like poloniex or bitrex or changley or whatever, and those re great for exchanging steem and sbd for bitcoin, and then u can exchange that bitcoin for cash, the bitcoin atm, will take at least a 5% fee for giving you cash for your bitcoin, and it will charge a 10% fee for you to buy bitcoijn! SOmetimes your local bitcoin atm may have lower or higher prices, but those are usually the max!
(amazing image by @hrottle )
its and sell STEEM for a small 10% buy and 5% sell Steem atms to allow people to go directly to a steemit atm to cash their transferable steem or transferable steem dollars (sbd) NOt just for bitcoin but for CASH or for both, it would be best to program existing bitcoin ATMs to also just buy and sell STEEM for both US dollars or bitcoins...and of course the fee for changing bitcoins to us dollars will be same for changing steem to us dollars, its how the atm can operate, but honesty or many people who just wanna get some cash out of their steemit account after earning like $100 or so will LOVE being able to CASH out for simple 5% at a bitcoin ATM! OR be bale to just BUY steem for 10% or maybe 6%, markup, just has to be more than 5% ...and since the bitcoin atms usually charge 10% to buy bitcoins you might need a 10% markup on purchase of steem or SBD, since the machine will be giving people cash for steem or sbd...at a 5% rate...so the atm can keep 5% of the transaction, so people for a 5% fee can just cash out of their steem directly for cash using a bitcoin atm! THATS gonna make people happy!
( steemiter @veerprit exchanging steem for cash(Indian cash, hah i was expecting US dollars but I have this same process where i live with bitcoin atms but US dollars come out instead! This proves how universal and global bitcoin is, that all over the world you can exchange it for cash using bitcoin atms! So imagine if they could accept steem and also sell steem!!!! )
So just leave a post if you want to buy peoples steem for cash, for a 5-10% fee for profit, and allow people to cash out their steemit accounts, without a middle man or bitcoin atm
this post can be the main post for the listing!
and I will add images later, but the final step is to find a popular bitcoin atm company to adopt steem and sbd as a currency you can buy or sell for cash!
like this from www.mrcoin.eu/en/atm