RE: This is NOT cryptocurrency investment advice… it a Simple Sane Savings Plan

[whatamidoing]

But if the price of STEEM goes up, the steem dollar will still be worth one dollar, while the STEEM would be really valuable, no?

Comments

[nanzo-scoop]

Correct....and if STEEM goes down the Steem dollar will still be worth a dollar.

As per the whitepaper

Steem Dollars were designed as an attempt to bring stability to the world of cryptocurrency and to the individuals who use the Steem network.

The idea is that people can choose to trade in (or hold) Steem dollars with a greater certainty of what it will be worth over time.