You are viewing a single comment's thread from:
RE: Steem-Engine Tutorial: Exchanging Tokens For Steem
What do you mean with 'it's confusing and complicated? It can't be the process I described above.
In case you were referring to the number of tokens and spin-off platforms, I couldn't agree more ...
Sorry, you explained it quite well. Great tutorial actually. I kinda gave up explaining how to do it to anyone.
I'm just saying the overall process is kinda complicated. Imagine trying to explain it to a nocoiner. They would baulk at the difficulty. Google Play is just put in your password (or tap pay if you disabled that feature), then you are done. Mind you, it takes a few more steps to set up, especially for receiving payments, but you can get Amazon and Googleplay gift cards which you can sell. The issue with Steem-engine tokens asides from the complexity is all the price movement. The price of the token changes relative to steem which changes relative to BTC which changes relative to the dollar (I can buy direct STEEM to KRW, but most can't), which then changes relative to your national currency if you don't use Dollars, so it's really confusing to rely on as income as well.
I completely agree.
I suck at math, so all those conversions are really driving me crazy.
I'm one of the fortunate ones who can buy Steem with Euros directly. Since I found out, a whole new world opened. before I had to go from Euro to $ to BTC or ETH to Steem. You can't imagine how confused I got every time.
I stopped caring about price movements on Steem-Engine. That might change if one of the tokens really breaks out, but for now, it isn't worth all the energy it takes me.
Some things I don't get. On @peakmonsters, for example, you can rent SM cards. The price for the cards is in $. But in most cases, there's an Escrow fee set up, which is displayed in Steem. It took me until earlier this week to realize that and I simply don't get it, because it gives a user a completely wrong idea about prices.