RE: Steem: Where DOES the money come from?
This clears out a lot of things but the Steem Dollars part still confuses me.
You said SD are loans created from collateral of Steem/SteemPower. Does that mean The company or whoever creates the loan is liable to someone else who provides the loan? Who provides the loan? Is the person/entity who created SD in debt to someone who provides SD? What happens if the person/entity can't clear the loan?
Is SD an IOU like it's mentioned in this video?