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RE: Introduction to Steem Dollars (SBD)
this is among the most valuable posts ive found for those who want to understand more fully the idea of SBD and how they work.
they could of course read the white paper or sift through it to find the SBD section, but most will not see the need to.
in fact, id go so far as to say that the steemdollars aspect of steem should have a mouseover message that lets users go directly to this post to explain.
does this have to do with the high dilution? people tie up 90% of the supply because they will not get diluted then?
does this mean when you buy vesting stake you are promising not to make them liquid for one year and in return get voting stake (and interest in terms of steem)?
Steem Dollars serve as the official currency of the Steem community. When holding Steem Dollars you do not have to concern yourself with the inflation and/or volatility associated with Steem. The STEEM currency is an accounting tool that is both volatile and diluted by 50% per year. Its sole purpose is to facilitate changes in ownership between Steem Power holders.
So does that mean we are wasting our time and not making money ?
Interesting.