Up until a few months ago I matched my earnings Steem to Euro. Then recently I pulled some back out but stopped short of taking out all my cash. I would love to have a reason to put it back in. The platform wants to be 2 things, a currency/investment and a social media platform. By matching earnings with investment I encourage both proportionately. There is no good reason for Steem to follow BTC down the hole or to the moon, they are 2 different things and this will only be corrected when I can go to my bank and buy Steem directly without fiddling about with BTC and Dollars. The same is true for powering down. I have to convert Steem to BTC to Dollars to Euros. Who is really getting paid here? Me?!?
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The point being that we need a direct way into Steem from fiat rather than through 2 or 3 middlemen that all want a cut. An investor usually only pays commission to 1 entity; not 3; so the investor will look for an investment with less overhead. We really need to fix this stumbling block if we want to get serious.
I agree with that, I wish I knew of a way to make that happen legally... there seems to be a big legal hurdle there.
Seems to me that all we need is an exchange that trades direct in Steem. There is such an exchange for bitcoin; Bitonic. They verify your bank account for the first small trade and you are good to go for future trades. They actually stock around 400 BTC and can deliver right away. For larger transactions they make special arrangements. If I could only get them to do the same for Steem.