You are viewing a single comment's thread from:
RE: Ponzi, Pyramids and Cryptos, OH MY!
I see what you are saying. There does seem to be a good amount of control in the quality of content on Steem. It’s interesting to me that the witnesses would want to tie the value of Steem two a fiat. Wouldn’t it just make sense for the market to dictate it?
Yes It would, Now one thing to note that it isn't the witness who created this, the creators of the Steem blockchain had said they wanted one SBD to be worth $1, not the witness's, The witness's just make sure it runs efficiently and to do changes to the blockchain with a majority consensus vote. I agree that the market should set the price.