RE: A Radically Updated Steem Whitepaper by steemitblog
Viewing a response to: @steemitblog/a-radically-updated-steem-whitepaper
steem·@mkdouglas·
0.000 HBDWhat happened to escrow transactions? https://steemit.com/sip/@dan/escrow-sip-steem-improvement-proposal Steem escrow transactions would facilitate: * crypto-fiat exchange similar to that of [localbitcoins.com](https://localbitcoins.com/?ch=b6o8) * trade of real world goods and services similar to that of OpenBazaar * lending with Steem as collateral that could be powered up and delegated back to the borrower SBD would provide a lot of convenience for pricing. The exchange, trade and lending would all happen using only fiat and the Steem blockchain and thus bypass Bitcoin as a gateway cryptocurrency. This should increase the number of active Steem users, which in turn should increase the value and price of Steem. I may be wrong but if the Steem blockchain supports escrow transactions, why not add the feature to User Interfaces such as Steemit.com and see what happens. https://steemitimages.com/0x0/https://imgp.golos.io/0x0/http://i.imgur.com/68NnBlm.jpg
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