Team Steemit updated their documentation for running a STEEM exchange node. Fantastic!
Let's hope that one Exchange, in particular, takes this information to heart and fixes their node. So trading can commence again.
For two reasons I think this is important.
- Having deposits and withdrawals disabled on an exchange sends a very negative signal about the coin.
- By disabling withdrawals it suppresses the price of the coin because it can only be withdrawn from the exchange by trading it for another crypto. (adds selling pressure)
Read more about the update here: https://steemit.com/steem/@steemitdev/how-to-set-up-a-steem-exchange-node-in-60-minutes-or-less
Recently I bought a mug from a store called Steemporium. It's possible to pay with Steem Dollars there.
I got a message from the owner today that my order is being processed and I will receive the mug by the end of September. Which is fine. I still have some mugs until that time :)
The mug cost me $33 SBD. Of which $8 is shipping. (from the US to Netherlands).
But recently I learned they have a cool business model where everyone benefits.
After production costs, 85% of the leftover dollars go to the designer of the mug and 15% goes to the store owner.
What a great way to support designers!
And the beauty of the Steem blockchain is that everything is open. I, therefore, had a small look in the wallet of the store and have seen indeed that the designer of my mug has been paid.
I like to support and try to give exposure to these endeavors because I think they give the Steem blockchain more value. As you should know by now I believe the Steem blockchain will transform into a social economic platform and these small endeavors are the first to appear and benefit from this.
Yesterday I reached reputation level 70. I'm very proud of that. It took me 13 months of consistent writing to get there. Thanks everyone for voting and following me.
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