RE: STEEM PEGGED TO THE UNITED STATES DOLLAR

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STEEM PEGGED TO THE UNITED STATES DOLLAR

in steemit •  8 years ago 

I am not sure I follow. Steem is not pegged to the dollar. It's its own asset. Nothing backs it but Steem's network effects and how much people use is and demand it.

I just don't understand what the USD has to do with anything?

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If you can't take Steem to the bank, how do you eventually get your money?