@drpuffnstuff @boxmining
Let us take it like this:-

1. Us Dollar not equal to Australian dollar.
2. mexican dollar not equal to us dollar.
   3)us dollar not equal to canadian dollar.
3. & vice versa.

The name of the currency is same. That is " Dollar" but the value is different because the prefix is different. In case of steem dollars the prefix is steem. Thus it does not matter if steem dollar is not pegged to the dollar.

Also there are people from every country on steemit. Almost from more than 200 different countries. Thus i think steemdollar can have its own identity.