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RE: A Steemit X-Prize - A Competition to Brainstorm Ideas for Promotion and Marketing

in #ideasfactory8 years ago (edited)

That would be a killer feature for sure. A lot of people have been asking for it and not just for Steemit. That is one of the main feature requests we have been making for nearly every crypto I have been involved with in the last 3 years. I think the main hurdle is regulatory issues relating to AML laws and also the different unique laws as they pertain to specific nations.

If someone could figure out a way of doing it, it would be massive and big news in the cryptocurrency community at the very least.

I suspect it is only a matter of time before it happens though.

Thanks for the link.

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Build a site like localbitcoins.... only altcoins... The users are responsible for claiming and covering their own income tax. If records are kept of identification and trades it would at least be legal for Canada, and likely other countries too.

Why not try to get localbitcoins to accept Steem? I have already asked our local equivalent which is called Bittylicious but they are not interested at present because they don't see enough demand. I suspect that may be one of the issues that we may come up against. It has to be worth it for whoever starts doing it and right now they might not see it as a good business proposition.