Ha, thank you again. Fixed the dollars, think I got SMD from the whitepaper or could have just been the 2am mental abilities. Either way, thank you!
RE: What is Steemit?
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What is Steemit?
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@oldman "Steam Dollars (SMD) are a savings token that enable community members to hold wealth in a stable currency while earning interest." Does it earn interest? My understanding is that only Steem Power earns interest. It's one of the incentives to locking it in the ecosystem for 2 years.
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Steem Dollars earn 10% annual interest right now (interest on a stable currency)
SP is like a share in a company that is protected from STEEM dilution, not the fluctuation of STEEM price...
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Just so, thank you!
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