RE: STEEM — Where Does The Money Come From?

Of course it works! Steem is created just like USD, out of thin air! It only has value because we BELIEVE it has value. You and I can't create US dollars or other Sovereign currencies because that would be counterfeiting. They are created by private central banks and empowered by government Fiat. Crypto currencies are created out of thin air as well and empowered by the people. So instead of only 1% of 1% having free and clear access to money creation that power is now put into the hands of everyone.