So every user can earn 10% on this Steem Dollar balance when he leaves the Steem Dollar on the Steem Blockchain, right?
That means we could see the Steem Wallet like a savings account and just transfer money to our mobile account when we want to spend the Steem Dollars. Sweet!
That's right. You make 10% interest. The other option is to buy steem, which seems to be making good charts figures on crypto exchanges. Steem is little more risky that steem dollar but still, steemit is a promising platform so far.
Yes - my previous post was precisely about that - holding STEEM and shooting for the moon, without risking the house and the kids.
The assumption there, of course, is that there are buyers on the other end for the Steem Dollar
Money is intended for trade, the illusions of interest have brought down many economies by giving interest by printing money that does not actually exist. Relying on a platform that suggests 10% earnings for just holding the currency is not a safe assumption while the platform is in beta and growing exponentially.
This rate could and will change as the platform works out its bugs and community growth rate. The best form of interest is to vest in your self, not a currency. Growing your money means taking risk and risk does not always produce a positive reward.
Holding in SBD is just one reward option. Not for everyone but great for some.
how true that statement is sokal and to karnal I do like the info you put forth here.
ME-TARZAN