Sounds simple enough, but there is the problem of trust and submitting to audits and other overheads like that. Don't get me wrong, the idea is intriguing, but why would the retailer or customer prefer this SMT over fiat (Australian banks work well enough!) or other crypto with a heavier adoption/security or just flat out straight to a dedicated stable coin? The amount of reward in Steem is pretty small and a bit worthless to anyone that isn't already in the Steem economy.
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Thanks heaps for your input. I have these big crazy ideas quite often. I have decided to put my thoughts out there and see what people think. On this, you are probably right, would the regulation and compliance be worth the risk? Would anyone not already in steem want to be for this. It's a complicated idea with lots of pitfalls.
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