The importance of having #Steem Bonds
Introducing #Steem Bonds to the #Steem Ecosystem
Over the last few months I have had a number of conversations with Matt @Starkerz about the importance of introducing #Steem Bonds to the #Steem Ecosystem, an idea that Matt himself totally agrees with.
As an Investor, Matt is extremely conscious of the fluctuations in the value of #Steem and one that he has on many occasions raised with me over the last few months.
His concerns are more than justified and mirrors that of my own.
#Steem Bonds
Both Matt and I strongly believe that the introduction of #Steem Bonds into the #Steem Ecosystem would have a huge strengthening effect on the value of #Steem and one that we are both passionate to see introduced.
In a recent interview with Matt @Starkerz, Ashley @AshleyPeat and Tomas @TomasGeorge at #Steemfest this point was highlighted and I wish to share with you the interview that took place.
I have timed stamped the interview to take you straight to the importance of introducing #Steem Bonds.
For the ones who have yet to see the interview, here is the link....
@Starkerz at #Steemfest | 15.45 2nd Nov | Being a Responsible #Steem Holder and the Promo of #Steemit
(Time Stamped at 10min 20 Sec)
Credit: youtube / @TomasGeorge, @AshleyPeat, @Starkerz
Locking away #Steem Power in return for Delegated #Steem
The Terms of the Bond would be tailor made and recorded on the #Blockchain, but in essence would effectively be an agreement to lock away the #Steem Power held by the Bond Holder in return for Delegated #Steem.
By simply locking away the #Steem Power for a fixed period set out in accordance with the Terms of the Bond would effectively take the #Steem off the Market for the duration of the Bond.
By taking #Steem off the market would suppress any fall in the price off #Steem.
In return for the agreement to lock away the #Steem Power off the Market, the Bonder Holder would be given a fixed amount of Delegated #Steem Power for the duration of the Term of the Bond.
This Delegated #Steem Power would effectively be the interest on the Bond.
I would be happy to discuss this further if it is something that the Community would be interested to see, however in the meantime I for one would be more than happy to take out a #Steem Bond for an allocation of my #Steem Power, if not all of it which is currently around 32,000 #Steem.
Thanks for reading.
Stephen