Team Steemit updated their documentation for running a STEEM exchange node. Fantastic!
Let's hope that one Exchange, in particular, takes this information to heart and fixes their node. So trading can commence again.
For two reasons I think this is important.
- Having deposits and withdrawals disabled on an exchange sends a very negative signal about the coin.
- By disabling withdrawals it suppresses the price of the coin because it can only be withdrawn from the exchange by trading it for another crypto. (adds selling pressure)
Read more about the update here: https://steemit.com/steem/@steemitdev/how-to-set-up-a-steem-exchange-node-in-60-minutes-or-less
Recently I bought a mug from a store called Steemporium. It's possible to pay with Steem Dollars there.
I got a message from the owner today that my order is being processed and I will receive the mug by the end of September. Which is fine. I still have some mugs until that time :)
The mug cost me $33 SBD. Of which $8 is shipping. (from the US to Netherlands).
But recently I learned they have a cool business model where everyone benefits.
After production costs, 85% of the leftover dollars go to the designer of the mug and 15% goes to the store owner.
What a great way to support designers!
And the beauty of the Steem blockchain is that everything is open. I, therefore, had a small look in the wallet of the store and have seen indeed that the designer of my mug has been paid.
I like to support and try to give exposure to these endeavors because I think they give the Steem blockchain more value. As you should know by now I believe the Steem blockchain will transform into a social economic platform and these small endeavors are the first to appear and benefit from this.
Yesterday I reached reputation level 70. I'm very proud of that. It took me 13 months of consistent writing to get there. Thanks everyone for voting and following me.
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It is always great when the weather people are wrong (which seems like it is most of the time). I guess there is more sun for you rather than some gloomy rain and sombre skies. I hope you enjoy the lovely blue skies :)
CONGRATULATIONS ON REACHING 70 REPUTATION. That is an enormous achievement. It is going to take me maybe a couple of years before I reach it. I think it is pretty special to get 70 REP and also I reached 60 REP a couple of days ago (I believe it was your upvote that made it happen) and it put a huge smile on my face, and it made me happy to see how far I have come.
I saw ausbitbanks post about it, and apparently, it was a swift update, and he has already started to mine some blocks again.
Hopefully Poloniex, Bittrex and Blocktrades will run smoothly now, and we won't suffer wallet maintenance regularly. Blocktrades is really convenient, but I don't think I'd want to take a gamble and invest in poloniex despite the cheaper prices.
We do have some very talented people here and I hope some people can make some great designs and benefit from it. It is pretty cool how a massive 85% goes to the artists. That is a huge cut, and I think some people should get behind this early before it starts blowing up.
Hopefully that there will be more items, so we have more uses of our steem dollars as well as not continuously converting to fiat and facing loads of fees. I've seen some proposal of steem debit cards which I think would be a pretty cool idea, but I don't know if that will become a reality.
I hope you have a fantastic day too @exyle! :)
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Thank you! And you have a great day as well!
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congrats on your effort also at reahing a 60 rep @arckrai, Great effort!
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Congrats on reach a reputation level of 70. I noticed it's a lot harder to rise up the reputation levels the higher you get. To get into the 70 level, it's quite an achievement. The Steemporium concept sounds great. It reminds me a lot of Amazon's Merch program as well as other print on demand businesses.
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Congrats ! Your consistency pays off.
Got a question @exyle, what is the relation between SP and reputation?
Let's say high reputation and low SP?
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No relation. You can have a high reputation with little STEEM power and vice versa or both.
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Thank you.
I was thinking about having a high reputation help you in the rewarding side. So it is just a way of showing how much you contribute to the platform and follow the rules.
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I was searching for such a platform since a long time, because I am a graphic designer and 3D artist. Recently I made a music art cover for soundlegion music art contest.
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I hope you will get some design on there. But I'm not sure about the process yet.
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Tell me in detail about it dear, I really need these types of platforms.
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Is it expensive for a mug?
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For one as cool as this + coming from the US not so much I think.
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Congrats for the 70. I think increasing level after 50 is somewhat difficult, because I reached 50 in a month, but now the same people's votes who made me reach here doesn't make much difference in my reputation. It is slow growth acter 50 and maybe it will be slower after 60, you must be knowing it better.
Also good to know about gour mug you paid for in Steem. This builds more confidence among the Steem community.
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all good news! I hope steemit will benefit from it alot! congrats on your lvl 70!
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nice post @exyle, i am glad to see you reaching the reputation level 70 and well you deserve it the amount of effort and work you put in from last 13 months or so is awesome, yes Steemporium is doing great by giving the rewards for designers is creating the win win situation and that's important for the growth of any business, the weather in nether land with clear blue sky looks so cool and beautiful, thanks for sharing.
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Thank you!
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70!!! Get in!! It's an accomplishment and a half.
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Yeah, I'm pretty proud of it man.
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Totally, it really means something when the counter ticks over!
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Lot's of Cool update today Congrats first of all on Reaching the Reputation level of 70,its not easy to reach up there you have done a great job and you totally deserve it :) and yeah congrats on 2500 followers too keep hitting milestones soon enough coz its your habit :D.
Thanks for updating about the STEEM exchange node really had no idea about that i don't use polonix too hahah BTW i love bittrex exchange
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thank you!
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Man, it's way too late for Poloniex to get their shit together. It will be very hard for me to ever trust them again.
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I share that sentiment.
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I think looking beyond the limitation experience on exchange platform..
Steemian adoption of steem as a mode of payment and purchase of goods will help the coin.
goodone @exyle
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Excellent news from the creators @Exyle, without the availability of trading on exchanges, we are facing a foggy future and the whole community as a whole, since there is no investment and general volatility. And finally, I congratulate you on the new purchase from Steemporium.
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Great post! And congrats on your high ranking level very motivational to the new people out here!
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many congrats to you sir for reach another milestone in steemit and i am glad to be one of your follower, no doubt with the induction of such developments makes steem coin more beneficial to all, i think the way steem is moving we can see much bigger developments soon.
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I already imagine how i sit in the restaurant , eat drink , have a nice desert and then pay with my steem :)
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Wouldn't that be awesome :)
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Thank you for the heads up on Steemporium. It sounds like a fantastic shop, will check them out to see what they have. Congratulations on reaching level 70, am far off behind but working hard to get there. I enjoy reading and following your posts.Keep steeming bro :)
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keep steeming! :)
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@exyle,
Wow that would be a great news! If I am not mistaken we can use SBD to pay our bills in near future! Really appreciate your effort and thanks for sharing such great information with us!
Cheers~
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85% for the designer, that seems so normal yet that ain't how this world works... Gratz on your level-up to 70!
[Master Steemer Achievement Unlocked]
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Woaaahhh I hope they get some good designers, this might finally be a place that I can buy gifts for my girlfriend where she doesn't bear me to it.
And yeah this will definitely help the coin
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I am sure that in the near future STEEM would be accepted at online stores. All of you would agree that the system of Steemit ensures that people are involved. Therefore its gonna be big in future.
GOD BLESS.
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@exyle
great one bro ... i Believe whatever the odd, SBD will be acceptable with more people interested in the Coin and this platform
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First of all congrats my friend for achieving new brand, you are really an amazing. You bring new idea in your writings.I was your follower from the very beginning. I think I did the best thing, as your writings are very innovative and very useful treasures for me. Friend if you give a visit to my post, it will be very nice gift for me. Wish you good luck and good health.
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@exyle - in 2020, I'll bring my SBD visa card & pay all restaurant bills via it. I think we are slowly emerging to that level Sire. Love your work & valuable information shared. Therefore, I wish to ReSteem your post Sire.
+W+ [UpVoted & ReSteemed]
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It's great to see that Steem has more and more use. Shop, chat, YouTube alternative. With DTube, live streaming is one step away. What do you think about a TwitchTV alternative? Streaming is really profitable nowadays, I bet it could work well with Steem too.
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thx for sharing
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amigo #resteemia at your service
'Having deposits and withdrawals disabled on an exchange sends a very negative signal about the coin.' exactly it's a very bad thing for any crypto. nice information @exyle
ReSteemia
'UpVote ReSteem Comment'
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its a very helpful post, thanks for sharing with us...
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Valuable information and great news thanks your posting. 100% like and resteem
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Nice one, congrats with the achievement! I think its time for me to buy some STEEM to commit some more :-)
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Congratulations on reaching 70! That means there is hope for a small fry like me :)
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Congrats on your achievement. I do enjoy your content!
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I think i gonna look into that steemporium. What i seen as of now is just a store with some random steemit things like tshirts and what not.
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Great topic @exyle
Thanks for sharing
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