A Penny a Day- By Brandon WilliamssteemCreated with Sketch.

in bitshares •  8 years ago  (edited)

 The amazing power of compound interest! 

<iframe width="560" height="315" src="

" frameborder="0" allowfullscreen></iframe>

bitshares busy steem bitcoin cryptocurrency
8 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$2.03
  • Past Payouts $2.03
  • - Author $1.55
  • - Curators $0.48
11 votes
3
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  8 years ago 

    It's not the fact that it's compounding that makes a difference. It's the interest rate. Realistic interest rates are around 5% a year, or .013% a day. That's 1/8000th of the interest shown in this video.

    Relevant xkcd: https://xkcd.com/947/

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.21
    • Past Payouts $1.21
    • - Author $0.91
    • - Curators $0.30
    2 votes
    [-]
      ·  8 years ago 

    yes it is that simple

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      3 votes
      [-]
        ·  8 years ago 

      Great concept and video. I appreciate you taking the time to make this.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00