Steem Dollars is pegged to the US Dollar thus should be more "stable" than STEEM.I just copy this comment from @nanzo-scoop.
I BIG thanks to you @nanzo-scoop!
This is his comment about SBD @esanvicentem:
No matter how well or how badly STEEM does, you can always exchange 1 STEEM Dollar for 1 US Dollars worth of STEEM.
An additional attraction to STEEM Dollars is that it paying out interest at 10% pa.
STEEM Dollars are also liquid. You can cash out anytime. STEEM Power requires you to power down at a rate of 1/104 over two years (see here for a simple explanation).
That's a simple explanation of why people buy STEEM Dollars. A lot of bloggers, will like to cash out in a currency that they can translate to their day-to-day life simply. STEEM Dollars allows that.
Investing in STEEM is like buying a stake in the eco-system. As the network's wealth grows you share in the success. Also it gives voting influence.
Steem Dollars is pegged to the US Dollar thus should be more "stable" than STEEM.I just copy this comment from @nanzo-scoop. I BIG thanks to you @nanzo-scoop! This is his comment about SBD @esanvicentem:
No matter how well or how badly STEEM does, you can always exchange 1 STEEM Dollar for 1 US Dollars worth of STEEM.
An additional attraction to STEEM Dollars is that it paying out interest at 10% pa.
STEEM Dollars are also liquid. You can cash out anytime. STEEM Power requires you to power down at a rate of 1/104 over two years (see here for a simple explanation).
That's a simple explanation of why people buy STEEM Dollars. A lot of bloggers, will like to cash out in a currency that they can translate to their day-to-day life simply. STEEM Dollars allows that.
Investing in STEEM is like buying a stake in the eco-system. As the network's wealth grows you share in the success. Also it gives voting influence.
For further inquiries:
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