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RE: Boost Steem Value by Backing Steem Dollar
The dollar is a necessary bootstrapping mechanism. It is much more likely to bring users to the system. Perhaps at some point in the future, when steem and SP are known by mainstream as having real value, then the secondary assets can be done away with completely.
I used to think that too but I'm not quite buying it anymore. I've been observing a lot of newcomers and helping them get into the game without any prior crypto experience (which is still most people in the world). They usually feel like Steemit is like a game with steem serving as a sort of play money. They only start to get intimidated when the connection is made to "real" dollars.