You are viewing a single comment's thread from:

RE: Have you voted for STEEM yet? (Coinbase Exchange)

in #steem9 years ago (edited)

I'm for it too but yes, with US regulation burdens it is tough to come up with a solution. As far as I can see, it would have to be a way that governments can't punish and regulate services exchanging fiat to STEEM or Steem Dollar. An adoption of the masses to value those 2 would need to take place and replace our understanding of our value in fiat. More would need to say "pay me in Steem or SBD" rather than "pay me in cash dollars"

I do see if countries other than the US have huge successful services that are converting fiat to Steem or Steem Dollars, that may open up a more "lenient" regulations in the US. Kind of like what we saw with p2p file sharing music and Napster when that technology came out. Not much regulation but services were able to capitalize on it and also shape and mold how we receive our media.

Sort:  

It will be interesting to see how that all plays out. To be honest, I don't see any of what you described happening anytime super soon though. We probably need a legal exchange to open the door for non-crypto users in the meantime. They are definitely not mutually exclusive though - I would love to have both :)

Oh yes not anytime soon. But it could be soon with how fast adoption can spread over the internet now days. Yes a legal exchange and better ways to simplify non-digital token users is key.(Trying not to use the word crypto, gives it a negative label don't you think?)

Trying not to use the word crypto, gives it a negative label don't you think?

I actually wasn't aware of that. It doesn't to me, but I can see how some might see it that way. Good suggestion to say "digital token" instead :)

Coin Marketplace

STEEM 0.08
TRX 0.29
JST 0.035
BTC 107762.37
ETH 3709.76
USDT 1.00
SBD 0.54