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RE: Instead of STEEM DOLLARS how about STEEM GOLD?
Great Idea, I would feel more save if the steemdollar would be actually backed by gold. Maybe sometime in the future will bring out there own coin backed by gold on the SMT plattform.
You're probably right, someone will attempt to create a SMT backed by gold but it would have counter-party risk like an ETF does and so it would come down to the trustworthiness of the issuer.
Still, I'd like to see that happen if we can't get STEEM GOLD implemented as I'm suggesting here.