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RE: Steem marketplace

in #steem7 years ago

Steemit is a front end interface to the decentralized Steem blockchain, not a financial or trading entity which it would need to be if it was about to deal with banks and credit card companies. As far as I know even Steemit's internal market (where you can trade Steem with Steem backed Dollars) was implemented by a Steemit user, not Steemit itself. The internal market is just a bot which executes sell und buy orders directly between Steem accounts. Steemit is just an interface and it's not the only one. You also can access the blockchain through busy.org, zappl.com and some mobile apps. I think Steemit would make itself very vulnerable and attractive to attacks form hackers and to restrictions from the criminal governments.

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Ok. Strange anyway that Steemit cant sell its own currencey directly to people who would like to use it without creating accounts at strange marketplaces...

Steemit itself is not in possession of large amounts of Steem, there is no pool of cryptos they could trade. It's ran by a few developers and busy.org is ran by others. It's not a server farm like facebook which is ran by a multi-billion company. Steem is running on its decentralized blockchain software which anyone can install on their computers.