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RE: Some thoughts about Tether and probably a safer alternative - Bitshares' bitUSD

You are right that this currency is not backed by actual funds. And some experts I've read and listened to say that more than 99% of crypto currencies are scams.

So this brings me to the question, is Steemit also a scam just waiting to be caught pants down?

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Why would it be a scam?

Not sure if you have seen this. Check this Great Steemit Debate. What are your thoughts?