The State of Steem

in steem •  7 years ago  (edited)



Steem is worth more than SteemDollars.
..........................................................................................................................................................................
as intended.
It's SUPPOSED to be that way.
SteemDollars is pegged to be equal to one USD.
At the moment...
The price of SBD is falling

$ 3.456794360818

relative to STEEM

$3.561722432046

But WAIT


now they're neck and neck
BOTH
are increasing.

STEEM ON

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really ...

Sounds as it has been a good day.... all is right! Thanks for the update . . .

parity around $20 would be just excellent 😂

I recall way back, a long time ago...a week maybe, that I thought $3.00 would be GREAT!

Up...down...up...down!!!!

Great post. I just resteemed it to help promote this awesome post. Thank you for sharing this information.

While the SBD continues with a price above the dollar, everyone at Steemit is winning.

I don't understand it..

The Steem Backed Dollar has a value linked in Steemit to 1 dollar, although they will not give you 1 dollar really but rather they will give you their equivalent in Steem. If the price of the Steem Dollar remains stable with the USD, then there is not much action, but if its price increases above its "real" value, then we are earning an extra for every dollar we receive.

With this extra we can, for example, send the SBD to an exchange and change it there by Steem, to then bring the Steem back to the platform and do power up, increasing the SP even more than we would have gained if we simply made power up in the publication.

If the SBD has a value of $4 in the market, then it is similar to that they were giving you $4 to buy you only $1.