Partially true but others have raised a problem in your post, which I expand on in my article:
https://steemit.com/steem/@serovius/steem-s-opportunity-to-be-the-colossal-blockchain-of-the-next-generation-despite-setbacks

In fact money is directly equated with intrinsic value, if it's real money and backed by that value, such as the gold standard, or even in Steem's case the creative value of its content to the users. I won't go into detail here but it's in my article above.