RE: What would you do for Steem?
Hi Moe,
These are of course very important questions.
I've actively exchanged Steem for fiat and received Steem for the SILVERengines proton colloidal silver generator that I sell.
With Steem presently as undervalued as it seems to be, I'm much more inclined to be willing to exchange things and receive Steem than I would be to sell any more of my Steem. Honestly, when I sold Steem last year, it was more a matter of desperation than anything else.
If SBD could really somehow be more strongly pegged to the value of the US dollar, I would be more inclined to use it as a currency. I suspect that was part of the intention of the original design, but we have of course seen its value fluctuate pretty wildly.
Having said all that, I think something that would really help Steem grow and be used more as a currency would be to create halawa-like cooperatives of Steem holders who would pool their funds and become private exchanges for fiat for anyone who wanted to transmit funds overseas. If there were widely available non-intrusive exchanges that charged reasonable fees, and wide enough adoption, such pools would gradually grow in value.
Thanks for a thought provoking article.