Steempeak or Likwid could have a deal with Privex or Blocktrades to allow AUTOMATED Bitcoin WIthdraws for Steem Post Rewards.

in bitcoin •  5 years ago 

If Steempeak.com or @likwid SP reward liquidfer service opened a dedicated Bitcoin payout service, and a deal with Privex or Blocktrades we could allow AUTOMATED Bitcoin WIthdraws to encourage people who ONLY want Bitcoin. Because let's face it, if people could have been paid ONLY in Bitcoin for Steem posts, we could have been bringing in so many users from https://reddit.com/r/bitcoin and other BTC maximalist hangouts

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If Steempeak.com could automatically use blocktrades or privex to auto cash out steem and SBD rewards into BTC , it would ATTRACT so many new users who ONLy want Bitcoin and arent willing to even accept steem and SBD for posts, even if they can easily convert it, its too much work for many peopel who JUST want some BTC. And these are users who would rather get paid $10 worth of Bitcoin instead of $20 worth of Steem.

Like I said, we could achieve this with a simple Blocktrades or privex deal, a bot can use Steemconnect or Keychain to get BTC for your steem rewards, seamlessly.....

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https://steem-engine.com/?p=market&t=BTCP
As we can see here, we already have a Pegged BTC asset on Steem-engine you can buy here AND send for FREE no Transaction feess, and then withdraw at 1% withdraw fee which is the real fee to deal with..... even with this fee it can still be cheaper than regular BTC fees on the main net, using the withdraw to "Settle" on chain after using the pegged asset inside steem to send back and forth between steem users for FREE.

ANOTHER solution for this, is to use a beneficiary reward service like @likwid WHO can be added as 100% beneficiary in steempeak.com . We use this @likwid service already for liquefying our SP rewards and paying a 1.5% fee to @likwid run by @transisto and friends who does GREAT job, Im using them for this post actually. Likwid or a service like them could then advertise to people that they pay out people in BITCOIN for their STEEM posts and all you have to do is add them as 100% beneficiary reward and maybe add your BTC address in the post at the bottom or in a comment added to the post... and in 7 days you can get that BTC sent to the BTC address either supplied with them before hand, added to the post or comment OR just send them the BTC address in a memo with your post if you forget to add the BTC address, ....

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Even if they take like 5 to 10% for the exchange people would not care because some new steem users will rather take $10 in Bitcoin over $20 in Steem. The only issue is that some posts will be so small, we will need to eitehr let them wait for their BTC payouts to stack up and become ENOUGH to make it worth it to withdraw with a BTC transaction so it doenst eat up teh whole amount, OR just refund them ion Steem OR BTCp pegged BTC asset as a solution, but only when the BTCp has vioable volume on the STeem engine market.

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(I also believe @jarvie and @asgarth at Steempeak could strike while teh ironis hot and enable Dedicated BTC LTC EOS DOGE Wallets just like they have for ENG, with dedicated send buttons, AND a special service to allow payouts in ANY currency ESPECIALLY EOS and BTC, because @steempeak could auto convert a users rewards to BTC via beneficiary service like @likwid and send a user BTC to a pre registered deposit BTC address

... and theres transaction fees, so wed make sure people knew they should wait until they have a lot of BTC saved up before withdrawing due to TX fees...that is a problem SO I would suggest the service saves up the BTC until it is aty least high enough where the transaction fee is at LEAST less than 10% of the payout... lightening network and segwit addresses can help, also we HAVE BTCp pegged assets we can use, with a 1% withdraw fee, using steem-engien and that can be one solution.

We already have the added bonus of using @likwid with @booster or other BidBots for paid upvotes you can find here on https://steembottracker.com
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Which i explained in this post
https://steemit.com/booster/@ackza/use-booster-likwid-to-get-97-5-of-your-liquid-steem-rewards-after-curation-instead-of-waiting-3-5-months-for-your-steempower#@fredkese/re-ackza-2019614t23524848z

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This post earned a total payout of 0.504$ and 0.379$ worth of author reward which was liquified using @likwid. To learn more.