RE: Bitcoin Breaks Records / IOTA's 500% Gain On News / How CryptoKitties Takeover Could've Been Avoided

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Bitcoin Breaks Records / IOTA's 500% Gain On News / How CryptoKitties Takeover Could've Been Avoided

in dtube •  7 years ago  (edited)

Steem Backed Dollars (SBD) not Steem. It is also on Bittrex. Just Google Steem backed Dollars coinmarketcap and it is there. Crazy prices right now. @papa-pepper just gave away a ton in a selfie contest too.

dtube
7 years ago by

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      ·  7 years ago 

    Ah, now I see it. Didn't know that SBD was a coin as well. Thought that had to be converted to STEEM. I thought SBD was an "internal" thing to Steemit only. Man, got some more learning to do :-/

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      ·  7 years ago 

    Believe me, I am no expert. It is quite unusual though for SBD to be this high. Happened that one time when you look at the chart, but most of the time it is about $1. It is supposed to be $1. I think the witnesses vote to set rates (almost like the Federal Reserve) in order to keep SBD equivalent to $1. In reality it goes up and down though based on market conditions

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      ·  7 years ago 

    Yeah, the witness thing is still kind of a mystery to me. Don't have a good idea of what they do or why we need them.

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      ·  7 years ago 

    It is a way to keep things decentralized. It sounds complicated, but as an analogy to the US government, it is like electing someone to Congress. Instead of having all of the power centralized to a dictator, it is spread out to people that we can elect.

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        ·  7 years ago 

      Also, crap! Steem is now almost $1.90!!!

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          ·  7 years ago 

        True, and the SBD is at $13...what the whaaaat??

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          ·  7 years ago 

        It's a Christmas miracle!

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