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RE: CDs, Savings accounts, checking accounts. A financial analogy to explain Steem to others so they will join us.

in #steem • 9 years ago

The one thing I'm not certain about is the estimated value. Is that just the steem dollars or total for Steem, Steem Power, and Steem Dollars?

9 years ago in #steem by
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     9 years ago  

    Admittedly the estimated value does not match this analogy. My understanding is that the estimated value comes from a week average of the price of Steem. So unless you power down everyones estimated value should increase since Steem had shot through the roof recently.

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     9 years ago  

    So the estimated value is the value of Steem, Steem Power, and Steem Dollars combined?

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     9 years ago (edited) 

    The estimate is delayed by a few days (3 I think) this should stop it swinging all over the place as the price moves up and down a lot in these early days ;)