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RE: 😨 Are You Scared Of UPVU Yet?
Update again today. No idea about the details, but based on price action, I guess it was good news for Steemit.
Update again today. No idea about the details, but based on price action, I guess it was good news for Steemit.
It could be - I was also told that Binance are launching STEEM/USDT trading pairs which will make STEEM much more appealing to traders. It could be a combination of both but good news all round!
Yeah, I saw that after I posted this comment. My intuition says that the new binance trading pair would have more to do with the price action. However, it was the high trading volume that prompted me to check the web site that day, and see that it had been updated, so I can't shake the speculation that the two are somehow related.
It's definitely possible! It's a shame that those documents aren't free. We're due another freebie!
I expect us to see a lot more volume now - going via BTC / ETH was a pain in the butt so removing this barrier will be great for traders to get in and out more easily. And if things are easier, they're more attractive 🙂
Agreed. I also think it's encouraging because I remember this.
Maybe I'm reading too much into it, but since new exchange listings were on the 2020 roadmap, and this is the first time it actually happened (AFAIK), I'm hoping that maybe it signals a renewal of interest in ecosystem development. I'm not sure, but my understanding is that someone generally has to pay something to get a new listing.
And I definitely agree that it's time for another freebie. ; -)
I think so - I think a fee needs to be agreed but the cryptocurrency also needs to be one that the exchange trusts. So just being listed in Binance is a good indication of their trust in STEEM.
In my short time trying to understand what's happened to Steemit, I remember reading that open letter as well as many of the comments that it received. Even I came to the conclusion that Justin Sun was capable of saying the complete opposite within an hour of saying something. I'd love to think that we'll see a lot of things progress and change but I still see very little to suggest that's the case. I did see some promising news that the steem.dao might be used to convert SBD to STEEM which will subsequently get burned in order to stabilise SBD to nearer the dollar mark and reduce the circulating STEEM. Whether or not this will happen, we'll have to wait and see 🙂
I'm wondering if that exchange listing is related to this and this, in which case STEEM might be used for collateralization, as described here:
Pure speculation, but the timing is right.
My Google translate doesn't recognise what language that's written in. Can you help?
Not sure. It comes up in English by default in my browser. There's a menu at the top-right to switch between English and (I presume) Chinese. That menu might say, "ZH" if its defaulting to a different language for you. If so, you can click on that to change the language.
The second link is just the English language whitepaper that's linked from the first.
But yes - this all makes a lot of sense. It'd be great if TRON started leveraging STEEM a bit more in order to benefit both currencies.
I saw that too, and I think it's better than the status quo, but I'd really rather see the DAO used to fund development. That would also create selling pressure to drive down the price of SBDs, but it would have a growth focus instead of cannibalizing the ecosystem.
Between the DAO and the "undisputed STEEM", someone really ought to be able to fund a great deal of high quality development for the ecosystem. If they're going to uncork the SPS, I'd love to see Steemit and/or the witnesses put out an "RFP" to real software houses and see what comes in.
Me too. A new interface would cost less than $100k, even from an expensive Digital Agency. That kind of sum wouldn't even make a dent in the DAO 🤔