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RE: Steemit Good News Story #3 SBD Bull Run and Steemit Winners back by Data
Another stellar post, but I have a doubt.... I understand what is Steem, Steem Dollars and Steem Power.
But what is SBD?
Another stellar post, but I have a doubt.... I understand what is Steem, Steem Dollars and Steem Power.
But what is SBD?
The same as Steem Dollars - Steem Backed Dollars.
Ah okay, but I was under the impression Steem Dollars were pegged to the dollar and Steem was volatile... how come STEEM is stable but SBD was $14?
SBDs are always trying to be pegged to a $. The peg is apparently easier to push up than pull down, which sounds like, on the face of it, a benefit to all of us here :)
Indeed, thanks for the help, joined yesterday and still learning the ropes.