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RE: Is Bitcoin a Ponzi too? A Simple Explanation about Where Does Money Come From for Dummies
True. The main reason is that SBD makes it complicated then hard to deliver my focal point-where does money come from. I will deal with it in the future.
Yes, SBD makes it complicated, but it is the core of the issue. The claim is SBD is pegged to the dollar because it is backed my Steem such that more Steem can be printed to back SBD as needed. This seems to me to provide a mechanism that enables huge inflationary pressure in a financial instrument that can be liquidated quickly, causing a problem if there isn't enough demand for SP.