Steem Power, Steem Dollar And More Explained In Simple Terms

in #steemit7 years ago (edited)

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(plus all the Dollar signs everywhere)

:D

Thanks a lot for the mining explanation, I had no idea about how new Bitcoins or Steem appear, as well as what witnesses are.

Steem Dollar - or in its entirety Steem Blockchain Dollar (that's why the "B" in the middle)

You're full of interesting information, @doodlebear!

Although I don't know almost anything about the SBDs, I agree that we should keep as little of them as possible in our wallets because pure logic says: if something is currently worth 7:1 and it's generally pegged to 1:1, you should get rid of it ASAP.

 7 years ago  Reveal Comment

In fact, it is comprehensive as well as informative that it answered many of mind boggling questions I have held before. However, why is it that the witnesses are divided over SBD issue? If it is not useful to the system and or the users, then it should be abolished. Or those that support it stay should elaborate more better to convince those that against it.
Thanks @doodlebear.

 7 years ago (edited) Reveal Comment

Good Post. I don't know why the SBD price is so high. 314% upvoted welcome bonus!! thanks!

I am new here. And with your post i learned new things. Keep it up dear

thank you for the informative post. It answered several questions I had and generated a couple more!

 7 years ago  Reveal Comment

Well written explanation. I wish I had this out when I was trying to explain this platform to my fiancee. Ill share this!

In fact, it is comprehensive as well as informative that it answered many of mind boggling questions I have held before. However, why is it that the witnesses are divided over SBD issue? If it is not useful to the system and or the users, then it should be abolished. Or those that support it stay should elaborate more better to convince those that against it.
Thanks @doodlebear.

You got a 0.51% upvote from @upme requested by: @doodlebear.
Send at least 2.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness

I'm glad to know I'm not the only one who has no clue what SBD is for.

I’m new here and this post has really helped me understand the basics. Thank you!