You are viewing a single comment's thread from:
RE: STEEM must have more $$money$$ brought 'IN'to the system, while reducing complexity.
Perhaps I am suggesting that STEEM 'BE investible' and 'GROW in value', and growth makes inflation-beating measures moot. But just to be clear about the STEEM Dollar .. how does it pay out exactly, this US $ dollar? in the eqiuvalent of STEEM or BTC? Someone mentioned that this should be only internally-traded, because the markets are not supporting the $1.00 value level - if that is so, then people will make 'real' transactions in STEEM, so why not make STEEM the entire ballgame?
The steem dollar is a balance of steem for 1 dollar. So however many steem is equal to one dollar is how much a steem dollar holds. The international trade is irrelevant because that only applies to the exchange you use. If a Euro is $2 and you have one steem dollar you would receive .5 Euro's from whatever international exchange you use.
Oh I thought there was some sort of internal marketplace for trading of these "dollars", not just exchange .. see? confusing! The more I think about it the less 'meaningful' these dollars becomce - STEEM should be 'the thing!' .. it should be brought in, used, earn if held, and easily moved out (over-time) to an exchange at increasing prices. Perhaps there is a gaming-prevention aspect to these dollars that I don't see, or perhaps being rid of it opens us up to such abuses .. but hmm.. all I know is it is easier to sell simple - complexity sounds like BS that should be distrusted.
I think steem power is great because it is investing in the currency. It discourages people from panic selling, it keeps value in the currency. It also keeps from big company or big buyers from buying tons of steem power, upvoting all their friends, then moving it out to another account. Steem power is literally your power in the system, and I don't think it should be fluidly transferred, gained and removed. Steem dollars are on the other side of the table, where they are liquid, but they do not give you power, or reward you heavily for investing for the long term. I think the simplicity should be derived from: you can start free, earn money, and leave at any time. If that doesn't instill, not BS, I don't know what will. Great ideas though!