Steem has a lot of features compared to most of the other blockchains.
If you go and take a look on coinmarketcap, you will see that there are a lot of blockchains which only support sending and receiving tokens. This is basic stuff and Steem can do much more than this, with instant free transactions, so what is holding it back?
Why Ethereum, BitcoinCash, Stellar or Cardano are growing much more than Steem does?
I guess the answer stays in the ability to send and receive money, right now, on whichever of these blockchains you chose, without requiring a sign up, or handling multiple key levels.
If we just make Steem accept this in parallel to the blockchain as it is right now, if we implement the possibility to create addresses (public/private as in case of ETH or BTC) which we can generate, and then use to send and receive money, without the need to sign up, then Steem will be a strong competitor to any of the other blockchains which work as payment methods.
I know this proposal involves bandwidth limitations, but let's implement a small set of rules to discourage any attacker. As in case of SmartCash, let's add a small fee for the transactions made from these addresses that do not contain any Steem Power, and the fee will be burned up, so it will compensate a bit the inflation that Steem currently has.
These generated addresses should not be able to hold any SP or interact with the rest of the blockchain as it is right now (I mean not able to cast a vote, post any content, or interact with the posts) but only make tokens transfers between one another, and between the registered accounts.
This way Steem will act both as a social network and a strong competitor for the other payment blockchains
I am looking for your your opinions!
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