More and more use cases for STEEM dollars are slowly emerging. I just ordered a mug from Steemporium and paid with SBD's.
There are so many opportunities lying around for the Steem blockchain it blows my mind at times. And most of them have not much to do with blogging anymore.
I fully believe at some point the Steem blockchain will transform from a blogging platform to a social economic platform.
Today I am strengthened in my belief when I ordered a mug from Steemporium.
I heard about Steemporium from my buddy @eqko who designed the logo for the website.
Hopefully next time with my new mug!
A crypto currency only has value when enough people believe that it has value.
Recently I made my own first business deal on the blockchain when I paid @twistychips to design a logo for me. I paid him with STEEM BACKED DOLLARS (or SBD’s).
@twistychips must have believed SBD’s represented a certain value, otherwise, he would never have accepted them for his work and time.
Now, this all might not sound that amazing but it truly is.
The SBD's that I earned from blogging came out of nowhere. They were created according to a set of rules programmed in the STEEM blockchain, yet they represent value. And remember there is no third party involved here (No banks, no government, no FED. Also, nobody can print more SBD's.)
In the past users would change these SBD's into Bitcoin. Not believing in the value of the currency.
But this will change rapidly once SBD's are able to buy real goods and services. This is what I believe is the future of the STEEM blockchain.
A closed economic system
I paid $33 SBD for my mug and shipment to the Netherlands.
Offering goods and services on the Steem blockchain I see as the new way to earn SBD's/STEEM in the future.
The ones that realize this the first will benefit the most from this. (as with all things).
With SBD's it is possible to do direct business with anyone all over the world without a third party. That's what I did when I ordered my logo and that's what I did buying a mug from Steemporium today.
Not a single third party was involved. Just the buyer and seller. And we found each other on the STEEM blockchain because of the social aspect. Another huge plus to the Steem blockchain.
It's so refreshing.
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