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RE: Steemit's REAL Diabolical Plan For WORLD DOMINATION - Part 1
Your Steemit themed videos are the best on this site. They are well thought out, thought provoking, and inspiring. You actually taught me something that I did not know before. You mention Steem dollars earning interest. I did not know this was the case. This gives users an incentive to keep their Steem dollars in their account instead of selling them at an exchange for Bitcoin. This also (partially) explains why you can sell a Steem dollar for $1.20US worth of BTC at Poloniex.
Happy to help. What people don't seem to realize is that this is precisely the purpose interest is supposed to serve. They act like the fact that steem is printed to pay interest is somehow a bad thing, when it's exactly what every modern currency does. It's a way of incentivizing the most productive individuals to leave their capital in this specific system. This creates a positive feedback loop. Yes money is printed, but it is given to the most productive people so that they add more value to the system than they are paid in interest. The question people should be asking is, "Which system most efficiently allocates currency to the most productive members of the population?" As if it's close ;)