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RE: MinnowBooster STEEM Power Leasing Service Analysis and Independent Audit

in #steem5 years ago

Yes definitely, this is a great way for businesses and apps to get involved in Steem without having a massive barrier to entry Steem Power cost wise, leasing will be even more crucial when Steem prices soar and attaining Steem become more expensive. Thanks for the great discussion and have a nice day!

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the problem is until SBD's get put on markets like Kucoin, Bitrix, Changely, Huboi and Binance, the use of the MinnowBooster / Dlease market are being stunted..... If you offer SBD's for lease payments you might find off Blockchain investors willing to Lease because it is the same as selling Currency pair contract with a tethered fiat.

So an external investor wants to make 16% fixed on his USD investment, look at the 2 scenerios.

Case 1 (present) he buys Steem and leases it out....and over the lease as he gets his payments he has to immediately sell his received Steem to prevent lose from market fluctations. A real headache and if the Price of Steem goes down he's screwed.

Case 2: The investor buys steem and immediately leases it out for a specific amount of SBDs which are based on the spot prices of steem vs sbd at time of contract signing. Over the course of the lease he receives his payments in equal increments OF SBDs, since SBDs are tethered roughly to $1 USD he makes his profit of roughly 16% guaranteed.

This is what investors want, not to be rolling the dice on Leases.

It also has 2 additional added benefits:

  1. Authors are being paid in SBD for the Liquid half of the votes at present, they then do not need to go to an exchange and pay the fees for conversion.
  2. Off site advertisers, who wish to promote their businesses through viral marketing like restaurants, clubs, bands, shows, can take their budgeted advertising expenditures for a period (i.e 6 months, a year) and just buy SBDs, know what they are worth and that they won't lose value with it sitting in an account and then use it to Purchase leases to promote their business over time.

This is the by far the biggest problem with the Leasing system right now. And couple of the largest clients we have been working to onboard have expressed these specific concerns with our the Steeminati. We are talking small companies willing to come in with 5-10k budgets for the year who realize that to get onto to the trending pages for their product launches they need to leverage other peoples powered up Steem.

That's not a bad idea, we have discussed being able to pay for leases with SBD and other crypto, but didn't think of lessors being paid in SBD, that would just be a conversion on the internal market, Minnowbooster already does that, it is just a matter of creating a user settings page on DLease and making than an option. Thanks for the idea.