I had the same question. It kind of seems like making a cryptocoin derivative out of an already existing cryptocurrency. Which could initially deflate, but ultimately inflate the value of steem dollars, if I'm not mistaken.
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@littlescribe, just to answer this question you seem to be putting everywhere :)
STEEM is a currency on the steem blockchain, SBD is a currency on the steem blockchain, GOLOS is a currency on the steem blockchain.
DTube is a platform on the steem blockchain, Busy.org is a platform on the steem blockchain.
What is not is a platform on steemit.
It's like Microsoft has so many programmed built on it. It's like apps being built on the operative system.
That's the closest metaphor I can give and I hope this helps :)