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RE: STEEM: Compounding Your Way To Big Results: Warren Buffet Would Be In Awe If He Understood!!!
- Inflation is an expansion of the money supply...the only way to have a reward pool is to add more STEEM to the equation. At present, there will be 9.25% steem added to pay out the witnesses, authors, and curators.
- The market decided to break the peg. People decided to pay more than a dollar for it...the market spoke....personally I will take advantage of it until the market decides to come to its senses.
- STEEM is the cryptocurrency tied to the blockchain. SBD is debt (like the USD) that was pegged to provide a way for commerce to price things that, in theory, wasnt as volatile. SP was designed to add stability to the currency by having the user base "invest" in the system. Remember SP is really STEEM...they are the same...it is just the SP is STEEM in a different place. Plus those who put STEEM in SP are protected against the inflation; STEEM is not.
Thank you! I need to digest all of this :)
It takes time @petrajordan but you will get it.
Do not worry about getting it all...none of us do.
Just be consistent with your action and all will work out. The system is designed for success to those who follow it.