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RE: Why is SBD Over $10? Who is Buying Steem Dollars?

in #dtube7 years ago

It is utterly completely bizarre but it has got me excited. I don't think it will last, the price will most likely deep quite steeply at some point. I think that quite a bit of the demand for SBD will switch over to Steem, which has far more utility. So I recommend transferring most of your SBD to Steem.

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Why does Steem have more utility? I'm still trying to understand why I should power up or collect Steem vs collecting steem dollars.

You can use Steem Power to upvote other people's posts. The more Steem Power you have, the higher the upvote. You can adjust the strength of you upvote. Therefore you can upvote more posts if you have more Steem Power. A higher upvote will also give you higher curation rewards as well. I believe you can also earn more interest on your Steem Power than SBD. Though, I'm not sure what the interest rates are.