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RE: Steem: Where DOES the money come from?

in #steem8 years ago

Thanks @pharesim @cryptoctopus and @steemrollin This makes a lot more sense. The blockchain issues SD immediately after Steem is created at a very low debt level at 5% locking up the created Steem for collateral. Got it.
And, the SD is non-volatile since 1 SD = $1 worth of Steem. The number of Steem we can get for SD can change but the value of SD won't change.