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RE: IMPORTANT!!! SBD DROPS BELOW $0.80!!! HERE'S WHAT WE CAN DO TO HELP RESTORE THE PEG!

in #steemit • 9 years ago (edited)

The steem system doesn't treat steemdollars like 1 USD. See below.

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Steem dollars are basically IOUs for however many steem tokens it takes to give you a USD worth of value when you cash out. If steem tokens are trading for $0.50 and you go to cash out one steem dollar the steemblockchain protocal will give you 2 steem tokens in exchange for your 1 steemdollar leaving you with 1 USD worth of steem token.

9 years ago in #steemit by
$1.03
  • Past Payouts $1.03
  • - Author $0.78
  • - Curators $0.26
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     9 years ago (edited)

    You just contradicted yourself and confirmed what I said. :]

    $0.03
    • Past Payouts $0.03
    • - Author $0.02
    • - Curators $0.01
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