Exchanging Cryptocurrency: Why not BY-PASS the exchanges - CUT OUT THE MIDDLEMAN?

                

        Any investor will get freaked-out, frustrated, and even angry when the situation arises of an exchange going down or not giving the service of exchange that is needed. For the past 3 weeks I have documented numerous complaint post's on Steemit in regards the Poloniex Exchange (https://www.poloniex.com/). On steemit it's important for us to be able to convert and exchange our cryptocurrency such as SBD and Steem tokens. There are a few options on the market; I will note I have been using Bittrex (https://bittrex.com/) and I have only had a wonderful and easy experience (so far).

       All transactions on Bittrex required an email verification to transfer out of my Bittrex wallet; and it was almost instantaneous. I have NOT used Poloniex due to the negative press and I have Steemit to thank for that. This however doesn't mean Bittrex will not have it's day or  that it is subject to other issues that I will discuss.

There is a simple solution which I haven't seen advertised here on Steemit (or maybe I missed it).  

We have an internal market to transfer SBD - Steem. 

WHY hasn't this solution or service been proposed: We all are trading cryptocurrency! Why can't we offer our own exchange service? We send SBD regularly to services such as @randowhale for upvotes; so why not Steem-BTC? This would be a great question for the guru @jerrybanfield. 

I'm sure there are steemians such as @jerrybanfield who would love to bypass the middle man. Exchanges in my opinion are scary. They are subject to DDoS attacks, the IRS, and other tax hungry branches of government. Your anonymity is basically gone. So are you telling me cryptocurrency and the whole I'm anonymous idea that it was founded on is not true?

Look, I'm just a novice when it comes to crypto. I haven't invested much into it so I don't worry. I hear over and over how people are losing $1000's because their money is either locked up, lost in bureaucracy, or even LOST.

However in the real world I'm successful in business because one of my job's is to identify issues in production and service. I am paid to come up with solutions to save the business' hard earned money in order to maximize profit. 

SO why take risks when you can cut out the middle man? 

Sure their are solutions with BTC like localbitcoins. This could be a million dollar idea. So where are the great whales who can do some exchanges for us minnows? Please excuse me for my ignorance if there is already a service being offered. If there is, the advertising has been poor.

If this system just happens to pop-up right after this blog post.. well like anything else in life people STEEL ideas.

That's fine and the risk I take. However I wouldn't mind being a part of such an endeavor. I do have significant capitol to invest; although it's not in crypto ;).

Steem-on

BB613