RE: Buying Gold and Silver on the Secondary Market by mattclarke

Viewing a response to: @buggedout/buying-gold-and-silver-on-the-secondary-market

steemsilvergold · @mattclarke · Jan 6 '18

$0.03

Looks like an excellent use case for SMTs.

👍 buggedout

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@buggedout · Jan 6 '18

$0.06

Ok, you've got me intrigued but I don't know what use case you are referring to.  Care to elaborate?

👍 mattclarke

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@mattclarke · Jan 6 '18

$0.03

The site could have its own currency.
Air drop based on reputation scores or total number of past transactions. 
It wouldn't take over immediately, but guys who are sick of dealing with PayPal etc, might prefer to use a token directly.

👍 buggedout

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@buggedout · Jan 6 '18

It's an interesting idea, though I think that if you could buy or trade your reputation then it would defeat the purpose of having it and it would be harder to trust it.  What we need is an SMT token that can be effectively pegged to the AUD.  Then for sure you could have a balance on the site to use for trades.

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1 reply