I agree with APR Savings but where would the interest come from? I guess an alogirthm would have to be made. It's so crazy how long Steem and SBD are dropping when you well know 1-3 years from now it can hit $50-$100. There is so much grow on Steemit, Dlive, and Dtube. People are starting to trickle over here from Youtube, once the crypto market rebounds, people will be coming over here in waves!
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The interest rate comes from witnesses...and uhhh SBD has a built in mechanism to keep it over $1 but no mechanism to keep it from going over $1... Don't worry about it going under $1 it will always stay over $1 its built into the blockchain this way...
We do need it to go to $1 and yeah it has gone to like 78 cents for like a few hours or a day, its rare when it did used to go below $1, if it ever does just buy and you can sell when it goes back up to over $1 it was a VERY stable system before the peg was kinda broken...
Just remember Steem is printed up its produced by our very own Steem Block Producers or Witnesses who Sign Blocks and through consensus based inflation, new steem is created at a predetermined rate every year, here is the reward pool
Here ius steems inflation rate from @banjo bot by @inertia
so remember when you ask when steem gets new money from whether it be the reward pool of around 700,000 steem a week, or how we don't use POW mining we just have 20 top witnesses "minting" new blocks via Delegated Proof of stake, not like regular proof of stake with master nodes where you can help run the network and earn coins minting them just by holding them for a certain amount of time... And with steem you do earn the ability to allocate or upvote posts when you stake steem into steempower.... Hence proof of stake but delegated because we have the voting mixed up in there :D It is complex but not too complex... Steem is just a cryptocurrency run from a decentralized database served by 20 top witness nodes, spread out around the world but too many of them are actually clustered in Germany because of Amazon Web Services... But we can fix that in the future by simply voting for new sitnesses or having witnesses forced to change srver locations which can be done easily, just takes some time and effort from the witneses themselves but there is always a new person willing to become the new witness node and maybe steemians would like to see nodes geograpohically spread out around the world and not centered all in one place in the EU, like we almost are now!
But its ook, steem is still the best decentralized database with accounts controlled by cryptographic keys... So we hget all the benefits of bitcoin without any of the latency plus we get features like stolen account recovery so when you stake ytour SP or put it in savings account you get extra protection because within 3 days or first week of a 13 wek powerdown youre gonn egt your account back if you report it stolen inacse osmeone gets your owner key and changes the pasword because by default @steem is set as your account recovery partner, something you can change but this stolen account recovery feature is something you can do incase someone takes your account and locks you outm, even if they staryt a power down youll getteh accoiunt back before they can withdrawal anything, so bitcoin does NOT HAVE ANYTHING CLOSE to that! This is just another reason why steem is so amazing! (And EOS will even have a further feature incase you all together loose the key because stolen account recovery means you actually must have an old copy of one fo your keys, but on eos even if you loose that too youll be able to resent your owner key, something controversial to some but to others we LOVE it and we NEED this to finally feel in control of our wealth and not at the whim of any hacker who finds a way to steal our money. Because just because someone CAN hack it doenst make it right and thats what EOS constitution will be there for hopefully... Anyway Steem has these features of stolen account recovery and bitcoin does not... Just remember that we are the futuire... And anyway my point was that steem witnesses generate any new steem you see , we don't have to mine Proof of work with noisey energy hungry bitcoin ASIC miners or Video cards, no we just have to run 20 main witness nodes... And yeah a lot of front end hosting too but its MUCH more power efficient than Bitcoin!
Also I can imagine @lanmower making his dream come true of using a browser as the front end and using the steeem blockchain to plug in directly and even make a browser extension to allow someone to connect to steem direct and make posts etc maybe even host media over web torrents!
Thankyou, I suppose that's true for anyone though , perhaps even yourself.
It is true, what is your favorite book?