The interesting question is this: do we subsidize the FED when using Steem Dollar?
I guess not. We take the benefit of a ubiquitous currency but skip the evil subsidizing bit - am I right?
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The interesting question is this: do we subsidize the FED when using Steem Dollar?
I guess not. We take the benefit of a ubiquitous currency but skip the evil subsidizing bit - am I right?
Right, because demand for SD does not increase demand for FRNs. If anything, demand for SD decreases demand for FRNs. An SD is a dollar worth of debt from the holders of Steem Power. A FRN is a dollar worth of debt from US income taxpayers.