RE: RE: A Radically Updated Steem Whitepaper
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RE: A Radically Updated Steem Whitepaper

RE: A Radically Updated Steem Whitepaper

What happened to escrow transactions?

@dan/escrow-sip-steem-improvement-proposal

Steem escrow transactions would facilitate:

  • crypto-fiat exchange similar to that of localbitcoins.com
  • trade of real world goods and services similar to that of OpenBazaar
  • lending with Steem as collateral that could be powered up and delegated back to the borrower

SBD would provide a lot of convenience for pricing.

The exchange, trade and lending would all happen using only fiat and the Steem blockchain and thus bypass Bitcoin as a gateway cryptocurrency.

This should increase the number of active Steem users, which in turn should increase the value and price of Steem.

I may be wrong but if the Steem blockchain supports escrow transactions, why not add the feature to User Interfaces such as Steemit.com and see what happens.

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