What's a whale btw?
Is "Steem" mined like Bitcoin, with a mathematical limit to how much Steem can be mined?
RE: How the Steem Dollar Peg Works
You are viewing a single comment's thread from:
How the Steem Dollar Peg Works
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!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
A whale = an account holder who has a very large amount of some asset, enough so that selling it all at once could significantly impact market prices.
There is a mining process analogous to how Bitcoin is mined, but unlike Bitcoin there is no upper limit to the amount of Steem that can be created. You should read the whitepaper; it covers this topic in great detail.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit