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RE: The SBD:STEEM debt and payouts
Thank you for the clarification @tarazkp.
But, if SBD is pegged to the USD, what happens if the USD tanks... which it will.
Petro-yuan: China wants to dethrone dollar
https://www.cnbc.com/2017/10/24/petro-yuan-china-wants-to-dethrone-dollar-rmb-denominated-oil-contracts.html
Will then all payouts revert to Steem?
Not sure but I guess it is about what it can buy. For the average user, what does a tanking US dollar do? Gaddhafi was going to dethrone the US dollar control on oil too by using a gold backed currency, they killed him.
The future is one where the USD is not the default world currency. So it seems crazy to tether a crypto to a currency that is on a descent. The whole point of crypto was to replace the old system of money, not support it.