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RE: We need an easy way to buy new accounts

in #steemit-ideas8 years ago

Best solution for this is to make it possible to buy new accounts with bitcoins (and other cryptocurrencies). Bitcoins are automatically traded to steem and then converted to Steem Power.

I think better ask buyers to pay with STEEM or Steem D​ollars, as Steemit must encourage demand for its own currencies.

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This is probably a little bit counterintuitive, but it's actually better to use bitcoins.

When people are using Steem dollars to buy steem, the money is just moving inside the system. But when people buy steem or SD with bitcoins, it means that value is flowing from outside the system to inside – and that makes the market cap grow.

When people are exchanging bitcoins to steem, it effectively means that people value steem more than bitcoin, which then makes Steem market cap to rise in value compared to Bitcoin.

Could you please elaborate your logic, as I do not catch the arguments for paying with BTC.
My point is if people firstly have to buy STEEM with BTC or fiats, eg on exchanges, it will support the market rates and makes the demand for the STEEM more stable

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