You are making a case against all crypto currencies. Even if you wanted "a stable crypto", it would still mean you would have to exchange other non-stable cryptos to hold some to make payments with. Why not make it too complicated for anyone other than some hardcore crypto nerds, and just skip a step?
Things like this tend to boil my blood. I don't see any adoption if the payment utility is stripped away from cryptos just because "they are too volatile".
The one argument that is constantly made against investing in Bitcoin and other cryptos is, that they don't have any utility, that you can't use them "in the real world". That's the one argument we always need to prove wrong.
I don't think any PoW coin will pass muster with users. PoW exists for the purposes of security and maximal censorship resistance and permissionless (anyone can verify transactions). But with that comes with difficulty in scaling.
You're looking at it a bit too narrowly. In utility coins such as STEEM, the volatility is much, much less of a problem. STEEM powered up is a like a stock rather than a currency. Judging cryptos solely on the basis as their utility as payment systems is like equating the internet with email.
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Coinswitch has dropped Steem entirely. There seem to be fewer and fewer places where Steem can be exchanged to anything really.
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I've seen new service providers accept STEEM in the last year or so. It's difficult to say whether the acceptance of Steem has developed on balance.
Anyway, Steem a platform technologically superior to Bitcoin to be used for payments. You could actually pay for your coffee in STEEM.
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Superiority doesn't really mean anything, until someone really pays their groceries, flights and hotel accomodations with Steem. Same goes for Bitcoin.
Until that happens, if ever, Steem will likely stay niche.
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The success of Steem does not crucially depend on the acceptance of STEEM as a payment system in the wider world because STEEM (and all the tokens) is/are the currency of the attention economy on Steem. The platform aims to build a user base sorted by interest and capable of being targeted by advertisers with precision. That is the business case of the and the value proposition of the tokens here. It would help, of course, is businesses realized the utility of having a Steem account and the ability to accept SBD and STEEM as payment for goods and services. But STEEM is much more than a mere ledger of payments. It's a utility token for the attention economy on Steem.
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But as long as it isn't accepted (or even traded) anywhere, its price will dwindle, and it will become less and less interesting for any business.
The truth be said, I don't want to do any trades with fiat. I don't see any sense in that. And if I could trade in Steem, as in if anyone accepted it, I could make anonymous payments, and I had enough of it (if it was easy to buy with Bitcoin, like it was in the past), of course I might use it.
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What do you mean it isn't accepted or traded(!) anywhere? STEEM is traded on most major exchanges. If it weren't traded anywhere it wouldn't have a price in the first place. It's also accepted by some payment processors.
Fully anonymous payments are increasingly a pipe dream. All payment processors will be required to implement KYC and share data with at the very least upon request.
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It must be just me, but all those exchanges I have previously used to exchange Steem with, have disabled it for some reason or another.
And I don't agree with the policy. I have given my information to a couple places, but I am not in a habit of dealing out my personal info to everyone.
And did you know that some of them steal your coins if you don't provide them with that information? And you have no way of getting them back unless you give in to their extortion.
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