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RE: Steem Dollars have Limits

in #steemit8 years ago

I LOVE the idea of pegging the value to gold instead of USD as USD will collapse at some point in time as all fiat currency's will. Yet gold has been used as money for thousands of years and will continue to be so.

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As long as we are only pegging to the VALUE of gold, and not to the commodity itself, which can just as swiftly be confiscated or withdrawn black swan style.