RE: Making It Work: The Steem Ecosystem. "THINKING OUT OF THE BOX"! (Part Two)
Once a cryptocurrency as such is owned by a trading platform, that trading platform can put it on its market.
No stopping it.
However, after poking around, these trading platforms have rigid rules, regulations all bound by even more rigid LAWS restricting them to the trading of certain things.
i.e., they can't go and trade chickens, TV's or other things that are not clearly defined as cryptocurrency (tokens/coins).
So SBD as a cryptocurrency can never be pegged to anything, as is the case with any cryptocurrency out there.
It is all dependent on the market.
While in house coupons, loyalty points etc are restricted to the blockchain and the code and can not be listed on cryptocurrency exchange platforms as such.
& why would they, even if they could, when at all times one loyalty reward point can be exchanged for $1 worth of Steem at any given time, via the internal exchange, in which the points would e burned and hence make the dream come to life, as was imagined.
exactly. Interested to find out why the SBD was floated as an exchangeable token, and not a points system pegged to the usd within the protocol of the blockchain.
From what I have seen to date:
People in the cryptosphere don't want to adapt to the needs of the fiat markets.
&
People who are still stuck on fiat can't comprehend crypto.
Hence we are where we are, two systems running parallel to each other instead of intermingling.
Jack you are brilliant