The only thing I don't really understand yet is the need for Steem Dollars, the only use I could see to this is perhaps people finding it easier to see it as an equivalent to what they know as money, a sense of how valuable the coin is. But still, I don't see the need. I am still sticking around because I see the value in the things being shared, and I have seen how user feedback has changed a few things. But I am curious about this, just like you are.
I guess I am waiting for someone to dumb it down to my level. My concern is, being that I have been involved in crypto for sometime, that despite having read several analogies on the workings of these three tokens I still don't feel comfortable explaining it to someone else. This needs to change.
I think the purpose of steem dollars is the cashout process. You can only power down slowly at a rate of 1/104 per week, it takes 2 years to fully cash out of steem power. But right now Steem is losing value so you may want a place to hold that bears some interest until the value increases again.
This exactly tommy. Ive just read intelliguys post below and still wouldn't say im anywhere near 100% understanding but im getting there