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RE: Whispers of a perma-pegged Steem Backed Dollar are emanating out of the witness camp.
I have seen posts on this topic and they are all over the map. The concept is quite convoluted IMO as you have Steem Dollars and Steem which you can trade and also Steem Power.
So are you converting your Steem Dollars to Steem?
It is a bit much, but I do understand exactly why they created all three, but maybe it would be best if everyone just got paid out in Steem instead.
Yes, and why are 2 different coins needed?
When Steem was first introduced, it was way less than a dollar, so at the time I could understand why it needed to exists, but now that Steem is above a dollar, there really is no need for the Steem Dollar in all reality.