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RE: The blockchain and the free market. Morning coffee with me.
Well, let me introduce you to Dan's project before Steem.
Bitshares.
It does just what you asked.
You can take in all kinds of cryptos, and then convert them to bitEUR (which is a euro backed tether) it also has bitUSD and bitCNY
Bitshares is also a distributed trading platform.
Its only drawback is that it does not have much volume.
However, a big bonus is that it has Steem and SBD
That's the thing though, if we can get small to medium businesses like I owned to adopt, then people will automatically follow, it is the way society tends to be, and either Dan is bad at marketing said product, or it had little merit, I have no idea, I will though take a look at it, and thank you kindly for the share.
I like the platform (Bitshares) because of its distributed nature.
Far better to me than all the big places that are now requiring KYC (Know Your Customer)
It is also very easy to transfer SBD to.
And your cyrptos are kept in a public/private key pair like Steemit. They are not in a pool that the platform can just take. (like Bitconnect or MtGox)
And, i would like to see more articles about small business expenses.
People never realize that using a CC cost a small store 6% or more.
That float loans (so you can buy goods to sell) are outrageously high.
And that the business bank accounts cost so damned much.
The reason why Wallymart exists is not because they buy in bigger quantities, it is because they rent money for much cheapers. They are basically making money on the difference in inflation from when they buy to when they sell.
Wallymart pays less for each CC transaction.
Wallymart pays less for loans.
And Wallymart will screw over suppliers to get a good deal.
I feel cryptos are so much better that it is only a matter of time before small stores use them. However, it is a large hump to get over.
The thing is with wallmart, like all other corporations, they can demand 3 months to pay, and smaller companies have to suffer it or not sell to them, that leaves small companies with 3 months of wages to cover, and the expense of the goods provided, before they get the money back, sometimes it runs into 4 months or more, I know as I have been that smaller company, and it is not fun.
Then when one of these big corps goes into receivership, it takes many of us small company owners down with it, due to not being paid from the greedy corps.