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RE: Making It Work: The Steem Ecosystem. "THINKING OUT OF THE BOX"! (Part Two)
so you're saying kinda like - a merchant could use it as a "discount code" or something at the time of checkout... pay X amount with your steem points and the remaining balance with whatever else?
and you're saying that the points would be transferrable (once the merchant had them) into, what? Steem? $1 worth of Steem? Is that how they would cash out the points?
Yes.
Exactly that.
Or the other option is for the merchant to use them at another merchants place of sale and save a few bucks!
Best part about it, when an owner of points wishes to exchange them for Steem tokens, they can do so via the internal exchange and the points get burned, hence the internal debt ratio is lowered!
Works out EXACTLY as was imagined by the people who created Steem!