Don't worry, die-hard Steemians would still hodl Steem.
Source: spectrocoin.com
I think an integrated Bitcoin web wallet within the Steemit wallet would help minnows starting out, and allow Steem to be traded more freely within the existing platform by traders.
This is what were going to need when the next hard fork comes along with the Steem Power inflation now due to fall.
The power to trade Steem efficiently will be more important than ever, and a Bitcoin wallet would aid this noticeably.
Just an idea ... love to hear your comments below.
I was thinking about this the other day too :) It might be a great idea. I haven't thought about all the pros/cons yet though. I'll be interested to see what others think of the idea!
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Love to see it implemented by Xmas 2017. A lots of folks would love to see BTC in their Steemit wallet tab ;-)
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Yeah, there needs to be "buy-in" first (especially from people with 'influence'). If there isn't a large number of people that are pushing for it, then it most likely won't go anywhere.
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The volume of the blocktrades market seems to be too small for traders. So atm it should be okay without a Bitcoin wallet.
For the future a Steemit-bank would be great with own debitcard so you can go shopping with your Steem.
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The market is indeed thin on Blocktrades, so to bring it in house would be a good idea I think.
Perhaps Steemit could partner with a Bitcoin debit card partner to allow Steem to pay for things too :) Good idea!
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Look, atm you can send some BTC to your "wallet" to buy Steem. So acutally you have a wallet. If you integrate it you need to do as much steps as you have to do now because you need to send some BTC to your wallet. The same thing you do now, too. The blocktrades market only should help to Power Up or to trade your SBD. And I think it does a good job.
But you are right. More volume could be the result of a real wallet.
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Yeah, a real Bitcoin wallet visible on the wallet tab would be nice to have for NEXT Xmas!
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From a technical / legal point of view, this is a terrible, bad idea.
(Don't get me wrong, nice and easy, seamless integration to move steem in and out would be awesome)
BTC is under attack. All govern-cements are trying to regulate or ban it. Being physically tied to it could mean costly litigation. Steem right now is mostly in the "imaginary" realm right now, and so can weather the coming storm by staying out of the way.
Technically, the encryption on the wallets in steem are not up to snuff. It is good enough, because there are people who can reset the chain. But, it is no where near good enough for the attacks that go on BTC today. So, at minimum the developers would have to enact two party authentication, and then would have to lock down part of steemit to do the BTC-steem interaction. And, the developers wanted steemit to be replaceable; just one view of the steem-chain
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Security on scaling is an issue like you say - as it regulation. I mentioned both in my Steemit SWOT analysis post yesterday. Thanks for your excellent feedback @builderofcastles and NOT being an echo chamber ;-)
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Damnit @mindhunter you post too much, I totally missed your SWOT analysis! :-p
Gone to read it.
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I know - I post like a mad thing! I always keep forgetting to post my source images too! I'm finally getting into the groove 10,000 posts later though ;-)
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Well steem is an offspring of bitshares which has bitcoin tokens, sort of like a Steem Dollars (Steem Bitcoin?).
So is definetly doable. The question is why?
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I seriously don't think it would it would have an adverse effect on Steemit.
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(Current number Bitcoin wallets on Blockchain.info: 7.1 million! Time for Steemit to take a slice of that action!!)
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