But the authors of blog post will receive less $ each day because of this "printing". STEEM value will eventually be NOTHING
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But the authors of blog post will receive less $ each day because of this "printing". STEEM value will eventually be NOTHING
No, authors safer actors here, they receives Steem Dollars which backed by STEEMs, so if exchange rate of STEEM will drop, authors will get more STEEMs for every Steem Dollars. For example, if STEEM exchange rate drop to 0.01$, author will get 100 STEEMs for every Steem Dollar.
So,...if value of STEEM drops to 0.0$, you get infinite STEEM coins for 1 SBD? :D
This needed to be backed by BITCOIN!!! Damn what a waste of time!! I can alreadys predict, steem's future....FUUUCK!!
Damn that's a big number.
testz: do you really believed it? From where they will get this money? From thin air? Who will pay for it?