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RE: STEEM As Money? STEEM Has Something No Other Cryptocurrency Has....

in #steem7 years ago

This is what I'm dealing with as a business owner in terms of using bitcoin for sales...

Screen Shot 2017-12-25 at 1.47.10 PM.png

Bitcoin is no longer practical for everyday use. Still a great SOV, but you really need to move a few thousand dollars worth for it to be worth it.

The cheapest fee right now is about $5.00 but it might take weeks to confirm. Some are saying that it could be stuck in limbo forever (or until LN, Schnorr sigs or Liquid come online).

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Thanks for posting that @zoidsoft.

I agree with you about BTC.

None of that is a problem if you are sending $50K to a supplier overseas...it does make it difficult to buy a book online. SOV and larger transactions (in terms of dollars) is where I see BTC ending up.

Buy a house, boat, or car...btc is great. It isnt very good to pay for your gym membership.

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