Steem $$$ are the long awaited breakthrough when it comes to crypto cash. I make this claim because it has the closest relationship to what most people identify cash with...the USD. They can conceptually translate the steem $$$ into goods and services to determine fair value. No more .00012764 = something. So steem dollars act like the stereo systems of old that had both a cassette player and CD player. It provides a bridge for the transition until the cassette fades into disuse.
Another breakthrough comes from the ability to earn income directly in steem $$$. No conversion required. Simply post, reply and curate and you've got steem $$$. Heck you even get it for free by simply signing up and joining the "Greatest Story Ever Told". Power down, covert steem to steem $$$ in the internal market and you're ready to buy from others in the steemit community. Let that sink in. It's powerful. A steem $$$ economy.
On the horizon is the steem marketplace where we can spend our steem $$$. The eBay replacement is coming and no middleman is required. The internal escrow system will take PayPal out of the equation as well. This is how it was meant to be.
Gone are the days of sending money to 1AZizY3pRJBFgsyqDYEz9uCGmwEsDLkTxw (I still accept "old" bitcoins by the way - you know while we're in transition at least). Or having to scan a QR Code.
Now you simply send your steem $$$ by going to your wallet , clicking the down arrow and choosing transfer. Put their steemit id in the TO field. The amount of steem $$$ in the Amount field and anything you want in the Memo field like an invoice number or tracking number. That's as close as you can get to sending money similar to sending an email. If you want to practice then put me masterinvestor in the TO field.
Kiss goodbye having to install a wallet, buying crypto from an exchange, uploading ID, AML/KYC and 2FA.
Rumors have it that the ability to make some transactions public and some private is also in the works.
With super fast validation, easy earning, easy transfer without a middleman and built in privacy...we are blazing along on a revolutionary road.
Bitcoin or ethereum still have their place and will coexist quite nicely.
