Well, this has turned into quite the anti-Steem circle jerk. It is clear some of you have not read the white paper, as you are wrong/confused about several things. Yet, I have wasted enough time with trolls already. I am certain there are at least a couple sock puppets posting here too. It us funny that as soon as Steem shot up coin market cap all the other bag holders feel the need to tear it down to prop up whatever they are bag holding. Very sad indeed.
I've read all 42 pages of the white paper. The whole design is convoluted. It's abundantly clear the dev team does not understand the K.I.S.S principal at all. Good luck to them getting merchants to accept Steem dollars, and getting traders to prop up the Steem dollar market for a chance at a "liquidity" bonus. Funny that one person who admitted trying to game that system for the 1200 hourly bonus ended up losing 20k tokens.
https://steemit.com/steem/@blakemiles84/two-users-are-gaming-the-liquidity-reward-system-and-earning-1200-steem-per-hourRest assured that I will be checking into steemit every now and then to upvote here and there. Might as well milk this cash cow as long as possible until it's lead to slaughter.