RE: Without an easy way to buy STEEM with fiat currency, how can it rise above the pack?
Great post! I know less about this than you, so I'm afraid I can't help with knowledge.
I am also struggling with the concept of how to turn up votes into cash. I so far have not used my steem for anything. I actually don't have steem, as have only been powering up so ad to be able to post more.. Bilut I would veryuch like eventually to use some of my 'profits' to help the family..
I think for now, as I have enough SP to do what I want, I'll go back to splitting up my earnings 50/50,and see how long it takes me to have some steem to convert..
But then, it would be nice to be able to convert to fiat, and not go through btc, as I have no experience with btc...
Anyway, very long comment on a much more concise post.. Enjoyed reading, and good luck with your endeavor. I hope some more knowledgeable steemians run into this..
I think that the first step may be to create an OTC type trading using escrow, similar to LocalBitcoins. Thank you for the comment. I wasn't so much trying to emphasize the sale of Steem tokens. It was more, the option to buy and sell tokens, directly to and from fiat. If we can only buy and sell steem buy using other crypto, then the other markets will always rise and fall ahead of our altcoin market. This would happen because, in order to buy into the altcoin, you must first buy the other, larger crypto-market, causing an increase in the price of that crypto. If people were able to sell or buy steem directly for fiat, then not only would steem be able to have it's value increased by the buys from within the crypto markets, but it would also be able to receive buys from major fiat currencies, simultaneously. Steem would have two seperate inlets, which would free it from the confines of the other crypto markets, in which it currently is sustained. I would presume, that the growth would be enormous if the platform had enough exposure.