RE: Open letter to @Ranchorelaxo and @Haejin.
I can't believe I'm responding but here.
#1) we have not yet confirmed the only true currency. Until we do all forms of exchange are accepted at your own risk.
#2) I would rather experience and understand a platform a little bit, before i invest too much of my hard earned fiat. There are many great projects at great prices, but that's just my opinion.
#3) Steemit. Is what was created. You can use it as you will. but you wont change it unless you invest a shiiiiiiiit ton and then do a lot of hard work.
#4) Steemit is promoted as "create content and earn money" by the infulencers. And that's what attracts users and investors.
#5) Go to the bank, or Family, Friend, employer or anyone. Ask for a "love loan" for $10,000 usd. then buy BTC, ETH or LTC transfer it to a exchange then buy steem tokens. From there transfer the tokens to the Steemit Platform and your probably left with around $9800 usd worth of steem tokens, if your quick enough. From there take a picture of what your eating or your pet or whatever. Then start paying for votes, creating bots etc... and collect your weekly payout. Then do what you choose with your earnings......Who accepts steem tokens?
Wat.
Until you can pay for things directly you just do what everyone does.
You transfer it to blocktrades or an exchange and cash it in for your favourite crypto or then to fiat.
Gee that was hard.
Just as hard as cashing out of anything in crypto. I mean why buy any crypto if I can't buy my groceries directly with it? If sometihng goes 100x so what right? What am I supposed to do with these worthless coins worth 100 times more than I paid? People can't really cash out any of these socalled "profits" they're all just lying, lying dirt poor in their apartment that is surrounded by empty value microwave meals and paper plates and credit cards they maxed out buying all their useless coins. Bitcoin millionaire? HA! Don't make me laugh such a thing is impossible I can get any bitcoin out of an ATM and i dont know anyone who has. ATM's still dispenses >>your fiat currency here<< where I am. Even the bank says they can't deposit any Bitcoins and say they don't plan to so how you going to spend your Bitcoin, genius? Right?
You don't have to. You can wait for the token appreciation and delegate it in the mean time.
Odd attitude though. Surprise! You have to do some work and not given piles of free money for nothing. But you are the one saying Steem is a ponzi and will be worthless soon, even though being what you apparently want it to be certainly would make it worthless quite quickly.
If you dont want to invest in the coin you don't need to to use it. If you are a content creator and intend on actually creating content properly it does however make sense.