While I upvoted this post and like the idea of having a Steem debit card, there's some perspective that I have and would like to add here.
Steem is the main currency of Steemit Inc. If Steemit provide a debit card, liquidity of Steem will increase and people would easily cash out.
However, what the easy liquidity will do is to reduce the number of Steem on the blockchain in an uncontrolled fashion. Eventually, it would be theoratically possible to convert every Steem to fiat money through the debit card.
There would be another issue too; massive powering down by Steem Power holders to have liquid Steem available for use via Steem debit card.
I do not think that this scenario will be suitable for the Steem ecosystem. I wonder how Steemit Inc. (@ned, @dan, @dantheman) and Steem witnesses like @ausbitbank, @timcliff, @good-karma, @blueorgy, @aggroed and many more think about the issue. It would be interesting to know about their opinion on the matter.
What I do want (and it won't leak Steem out) is the ability to purchase Steem directly from the internal market using Debit/Credit cards. It would make it easier to invest in Steem and Steem Power. Buying Bitcoin, then trading Bitcoin for Steem, then sending Steem to Steemit wallet and then powering up is such a long and complicated process.
Having a Steem debit card with some limitation (daily, weekly, monthly limits on withdrawals) is a viable idea and I would love to have that two-way convenience of spending and buying Steem via a Steem debit card.
Well creating a way buy STEEM directly from the internal Market would also do the reverse , creating a quick way to sell STEEM and causing that liquid issue you spoke of. 😵
For Steem to be sold from the internal market, is it compulsory that 'that' Steem comes from Steemians? People shouldn't be able to sell their Steem for fiat in the internal market in my suggestion. The Steem which would be made available for purchase should be allocated separately by Steemit Inc. Otherwise, selling will surely cause the issue you mentioned.
@blueorgy @charles1
Good point about causing too much liquidity...
What about an internal market where STEEMIT members can 'sell' up to $25 steem per week. But these sells can only be sold internally to other steemit members? I would do that. Well.....I would buy STEEM/STEEMPOWER. I would have bought already 2-3 times at $25 each/purchase. The question would be how to handle my fiat cash to get it into the Steemit market.
Anyway, I like discussing ideas that can lead to great innovations!!
Thanks for chiming in @bluorgy
Peace!! ✌
Great point..innovation is always welcome. Following you now in order to stay in touch and send in my support.
Very good point @ilyastarar hence why I indicated that its time to start the discussion. Successful organisations always have pragmatic discussion about their future and if its impobbile to implement, then they work on solutions. Thanks
Welcome. I mentioned your post in my latest post as well which is based on this comment of mine (which honestly beats the average length of Steemit post by some inches). Let the discussion begin and let's see where it leads to.
welcome
Let me through this is in here as well 😉 @steemprice
$1.283 USD/STEEMVolume: 11.4571 BTC, 22876 STEEM / Average Price: 0.00050082Last Updated Thu Jul 27 12:50:45 2017$1.191 USD/STEEMVolume: 39.0983 BTC, 93963 STEEM / Average Price: 0.00041610Last Updated Mon Jul 31 22:14:26 2017Learn More About Me Here...
What would be the difference to use a BitWala debit card? You can use Steem with it as well. Is that hurting the ecosystem as you mentioned?