I bought a little BTC with fiat about a month ago and decided to convert it to Steem for a bit too see if I can add to it. I don't have much else but steem in my portfolio so I am trying to expand and diversify a little. I dislike waiting for transactions, it makes me nervous. Transferring crypto sucks, no wonder there are so many holders.
It will get easier though.
Eventually people will be accustomed to crypto and will demand simplicity of process and one day, it will be as fast and painless as using any other payment method such as credit cards or bank transfers.
When this happens, the uptake by shops will be fast. Part of the reason mainstream adoption lags is that crypto users still are willing to use bank services. This will change in time and suppliers will move to provide utility for transfer and sale of goods.
Due to the nature of Blockchain, merchants will prefer crypto because it makes their business practices leaner and cuts out a lot of the banking fees. Accounting should be easier also as all transactions in and out can be recorded and verified.
I don't know if it is smart to go into steem today but it is too late as I now have a little more Steem in my possession. My plan is to see if I can make some gains and then move the principle back to the ledger. I used to trade a lot but I just don't have time at the moment and a lot of the action is late at night.
One day I would like to get back to it but for now, it is time to get some rest. Another long day ahead tomorrow before Easter starts.
Goodnight
Taraz
[ a Steem original ]
(posted from phone in bed)