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RE: Introduction to Steem Dollars (SBD)
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 ?