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RE: [Q] So STEEM is pegged to the US dollar. What if the US dollar lost all its value?
Steem Dollars are pegged to the US dollar. Steem is not. They are different tokens.
Steem Dollars are pegged to the US dollar. Steem is not. They are different tokens.
Thanks for the clarification! And so for arguments sake, would that mean Steem Dollars would become worthless in that scenario?
The answer would be a Yes, Steem Dollars would be worthless if the US Dollar collapsed. Most people in the world would not be worrying about cashing out their Steem Dollars, if the US Dollar collapsed though. They would be worrying about World Hunger, War, and the crap hitting the fan.