I was just checking my Pal account out and then I looked at the Steem Engine Trade market and it looks very promising. It doesn't makes sense to me though for a coin that is only 3 weeks old to be half the value of Steem already.
The whole thing seems crazy that it is valued at 20.7 cents and Steem is hovering around the 40 cents mark. I am happy it is doing well and some of the users made the right call buying it up when it was "cheap".
What I like about this set up now is we can power up half our Steem earnings and use the liquid Steem to buy other tokens or a percentage anyway. The real advantage is that Steem doesn't have to leave the platform in order to trade now and that is a real bonus.
I was thinking maybe further down the line Steem Engine may be able to develop an internal way of going straight to Fiat and vice verse of Fiat coming in converting directly straight to Steem. That would be the ultimate and make everything hassle free and could lead to more users arriving via that way. I have no idea if this will be allowed or if there is some type of regulation required for this, but surely this is what is needed fairly soon in order to move forward.
Once outsiders realise that you can earn Pal and Steem from just holding it and upvoting without having to blog it would be more attractive then. I think with the new reward system going to 50/50 people who aren't comfortable with writing and posting articles will be attracted to Steem.
