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RE: Steem for Business: Thinking about a Steem-Powered customer loyalty program
Hi @remlaps ,All this is very interesting , however the volatility of the currency is an obstacle for me , well you say so , let me explain , if a few days the price is 1 dollar , and the following days it drops to 0.50 , people will be stopping having profits is like receiving a salary in which you don't know how much you actually earn, another issue is that cryptocurrencies make you financially happy for a few days and even hours, and later you get depressed by the collapse of these, I think that this business It could work but with another form of payment, not cryptocurrencies.
I wish you a happy start of the week
Good point. I think if I were in charge of such a program on the business side, I would be sure to use dollar cost averaging in order to smooth out the volatility. Despite the volatility, I think that customers would still participate, because many loyalty programs take the form of a raffle where most of the customers get zero and only a few are rewarded.