Very nice article indeed. I am not convinced though that the steem dollar is much better than the bitusd though. With bitusd you are guaranteed to have at least usd at price feed within the 24 hours force settlement. Steem usd is 10-15% discount from usd. If bitusd can distribute some interest to holders (from the bitshares reserve pool) then bitusd will definitely be even more superior than steem usd.
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Please correct me, if I'm wrong. But in my understanding the Steem Dollar is backed by the full Steem network. Only 5 % off all Steem that gets created by the Steem blockchain is issued in Steem Dollars. Now the share is much smaller. Dan had written a good post about Steem Dollar stability enhancements. This kind of stable digital currency is really new. It seems to me, that the concept of such a digital currency will evolve over time. And as the Steemit Whitepaper stats it: this is a big experiment.
The Steem Dollar distributes also 10 % interest per year for the holders.