I have little faith in the USD and personally thinking it will be worthless soon. If this happens will steem go down with it..??
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I have little faith in the USD and personally thinking it will be worthless soon. If this happens will steem go down with it..??
USD is already worthless, it is based on over $18 Trillion of debt and growing, as far as steem going up or down against an already defunct USD is a speculative concept. Bitcoin has no debt, you either have it or you don't and as long as it is trade able among users, the value against other assets is somewhat irrelevant. Similar to holding several grams of gold and being able to trade with someone who wants to trade for your gold, that gold's value becomes worth what the trade is actually valued at between the trading partners and not necessarily what the global economy suggests.
A lot of this is incorrect, with the exception of the actual dollar amount of us debt. The us definitely has the largest debt, but not compared to it's population(its actually number 15 when you compare debt $/population). Per capita, uk, france, germany, luxumberg, the netherlands, etc all have higher debt. There are actually a ton of places that the debt, when compared to the population, is a much larger rate than the us. Dollar amounts of debt are only part of the equation. And your gold comment seems to be referring to bartering, which would be the same effect with rocks as gold. Whatever the item used to barter becomes the actual value of the item that is being traded for it.