OK, so in the original post: Making It Work: The Steem Ecosystem. "THINKING OUT OF THE BOX"!
I brought up the idea of how we could use the existing ecosystem and adapt it for the real world/fiat market needs.
How to have the main focal point, the foundation to the Steem blockchain and ecosystem become what it was envisioned as.
What am I talking about?
Well, I highly recommend you read the first post.
For those who can't be bothered reading it, here is the short version:
SBD as we know it, is a cryptocurrency (legally speaking) and as such can be traded on all the trading platforms that are legally registered for trading cryptocurrencies.
If SBD were to be removed as such and replaced with a "loyalty points/rewards" system it would no longer be legally trade-able on any of the markets.
It would not be a cryptocurrency as such.
It would be restricted to the Steem blockchain.
&
As a "loyalty point" it would be acceptable to all merchants of this fiat based world.
However, this would not change any of the existing taxation laws of the various states/countries out there.
Some would still classify them as "profits", some as "assets" and many to most would not consider them taxable as they fall in the category of "coupons, points = loyalty rewards", while some may only consider them taxable once converted into tangable, taxable goods or services.
All of that depends on the jurisdiction a person lives in/falls under.
What this would do however, is make what we now know as SBD acceptable in the fiat world.
Merchants would be able to incorporate them into their points of sale, LEGALLY, without any of the worries that crpyto brings with it.
Likewise, it would become exactly what it was imagined as being, "a bridge between the crypto and fiat markets" in the real life sales of goods and services.
Hence making the dream of what our Steem ecosystem was supposed to be.
Had to clarify this point and bring it to a direct, short and easy to understand point form type of continuation of the original post.
I again believe that everyone who has read the original post, should read it again, and for those who haven't to do so.
As this post is literally a continuation and clarification of that post.
Let's make Steem become the dream that we envisioned it as, the world changer!
Yours truly
