Steemit Needs To Make Steem Power More Liquid

Steemit Needs To Make Steem Power More Liquid

This is a request to the admins of Steemit. I bought some Steem Power(SP) because I liked what I saw in the beta website. I enjoyed the higher quality content provided by users, and I believe in its potential growth. However, I was slightly dismayed when I found out I could not move SP off of the website. Please don't consider this post a rant but more of constructive criticism. I completely read the white paper and know that SP gains interest over time. I also understand that I can power down over a period of two years to slowly acquire Steem to potentially sell on other exchanges. Now, I do have a request -- can you please provide SP more liquidity by allowing users to sell SP to other users? For example, there is already a market for selling SP because the admin user "blocktrades" who runs blocktrades.us has been selling user accounts loaded with SP. In order to buy these accounts you have to personally contact him. So, as you can see the user blocktrades has been granted automatic trust by Steemit to sell preloaded accounts to other people. In order for regular users to sell accounts I imagine we would have to hire an escrow to perform the exchange. I believe that this step should be bypassed and that the admins of Steemit should offer an auction website so users can sell their accounts loaded with SP. That way this levels the playing field, but ultimately provides more liquidity.

Steem Power Comparable with Certificate of Deposits (CDs)

Steem Power has been compared with Certificate of Deposits (CD) because when you hold a CD you cannot move your money for approximately 1-5 years. Normally, the longer you hold the CD the more interest you accrue. Should you decide to cash our your CD before the designated time-frame then you suffer a monetary penalty. A user cannot sell their CD to other users. Banks, however, can sell a group of CDs to other banks to offload risk, or to make profit. The bank that buys the CDs believes that they are worth something because the CDs gain interest. If the goal of cryptocurrency is to eliminate banks then it would be prudent for Steemit to offer SP selling services similar to a bank selling CDs. Steemit could take this process further and innovate by completely leveling the playing field for all users and to allow them to sell SP to anyone.

Adding Liquidity To Steem Power

The case for allowing users to sell SP is to provide more liquidity. Providing additional liquidity in Steem Power is a good thing for Steemit in general. It will provide additional confidence in the system and is a win-win for all parties involved. I understand that Steemit is busy with other tasks in general, but if they could put this feature in their list to be implemented sometime in the near future it could lead to a large improvement into the overall sentiment of the Steemit economy.