You are viewing a single comment's thread from:

RE: Understanding the Steem-Engine Market

in #steemleo • 6 years ago

Could be wrong, but if Steem-engine gets approved for buying steem with fiat

Who do they need approval from?

Judging from their size, I doubt that they would have the liquidity to run a fiat exchange. I would like to see them move from pegged alternatives to the actual tokens first. BTC vs BTCP, STEEM vs STEEMP, etc.

I'm sure there's a technical reason they need pegged versions of the tokens, but I can't think of a good one at the moment.

6 years ago in #steemleo by
100%
    -100%

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      0.00 BPC
        Reply Tribe-Mute1
        Sort:  
      • Trending
        • [-]
         6 years ago 

        They need approval to be a money handler or something as such.

        I'm assuming 1 reason might be security, but not sure why a "pegged" version would be more secure.

        2 reason I would think would be from the programming side a pegged version is easier as you can set-up one address where everything is deposited into and withdrawn from, but once again not a programmer so no idea.

        100%
          -100%

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            0.00 BPC
              Reply