It has become particularly confusing with Steem Backed Dollars not being pegged to the dollar anymore. Or they dont seem to be anymore.. Steem is the shortest named of them all, start there lol.. Bitcoin Cash must have a double problem having a BCH ticker some places and a BCC ticker at others.
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Yeah. Ticker confusion isn't that bad because people usually start from coin market cap. You're definitely right with SBD - people will start asking "why isn't it a dollar" etc
In the ticker symbol respect there is only one (STEEM) too. I have ran into a problem like this several times recently though. Buying mybit token I almost bought mbit instead.. and buying Aion I seen another coin called Aeon. Steem is more of a having multiple tokens problem I guess..
wow that ticker confusion is serious! it sucks how different exchanges list names differently. I hope we can clear this up this year! we have SMT - steem media tokens coming this year too!
It's Smart Media Token not Steem media token. Less confusion there.
Haha yes. I hope they are just called SMT in the underlying code like ERC20 tokens are or something similar to avoid the confusion
@drpuffnstuff @boxmining
Let us take it like this:-
3)us dollar not equal to canadian dollar.
The name of the currency is same. That is " Dollar" but the value is different because the prefix is different. In case of steem dollars the prefix is steem. Thus it does not matter if steem dollar is not pegged to the dollar.
Also there are people from every country on steemit. Almost from more than 200 different countries. Thus i think steemdollar can have its own identity.