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RE: How to Exchange Steem Dollars for Steem Power
Great question, I personally don't think so. As more and more people join Steemit the SBD and Steem currencies will become more valuable. That is, unless something changes with the circulating supply.
Oh so does SBD directly relate to the exchange value? Because it says its around $1 on the wallet page. (Tokens worth about $1.00 of STEEM, currently collecting 0% APR.) Sooo confusing.
Yeah, that's not been the case for some time now. It was originally planned to act like the TETHER (USDT) currency which is directly tethered to the USD. Luckily for us that hasn't held true and now we're making a LOT more from our posts, upvotes, curation, etc. :)
Well that's cool to know. :)
Okay so even though it's pinned the US dollar it doesn't really matter. As long as steemit increases in value the cryptos will most likely increase as well.
Yeah, I think that was the original idea but it hasn't really been pinned to the dollar for the last three months. Again, there could be a change to the blockchain (or circulating supply) to correct this but as it looks now I don't see it going back down. It appears to be increasing in value as more and more people use it. And I hope that trend continues. :)
No actually blockchain is actually continually producing more steemdollars than ever to restore the usd pef. In fact the 50/50 is not true and more of 70/30