RE: How the Steem Dollar Peg Works

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How the Steem Dollar Peg Works

in steem •  8 years ago 

Okay. Until your video, I was... pretending to get it. Your video: I get it.

Basically, we are investing in the future of the site with our content. Under the assumption that Steemit will become more desirable in the future to investors because of our content. And we have the option to cash out at any time, BUT we also have the option to further invest in the community. Classic short term vs long term investment dynamics. I'm street educated, but this makes sense now.

I am cautiously optimistic.

steem
8 years ago by

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      ·  8 years ago 

    Yes, but it's not immediately clear what drives the value of STEEM unless people start buying it as a pay-what-you-want subscription to Steem content, buying it to increase their own voting power, or transacting in it directly instead of with other currencies. We need a real economy in STEEM if the system is to last.

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