Is steem running out of steam? Where is it going?
We all saw this with bitcoin when it first emerged as a new currency. It worked because we the people made it work. We traded it for goods and services, we used it to move transactions easily and we even saved it up in order to see if tomorrow it might be worth more.
which is ok because you get spending power but if you could spend your steem and get the product you first wanted (the whole reason you exchanged your steem for dollars) the value of steem has found its own value in the system.
So try it, use steem as a currency. Not just an exchange currency.
What we need here is on-site escrow and the ability to make direct user to user payments.
This would allow for particular services, for instance copy editing and translations to burgeon.
Tipping would as well be a nice little addition.
Agreed.