RE: The World of Cryptocurrency - Segwit 2X
You're welcome mate. You're welcome to ask as many questions as you like but I'm no expert either. However SBDs are in now way a failsafe against US$ falling. Quite the opposite. SBD relies upon the US$ being strong in order to be worth anything.
If the US$ were to rapidly tumble then the relative value of SBD would tumble right along with it. So if a loaf of bread costs US$1000 then you'll need 1000SBD to buy a loaf of bread. Then rise and fall together. So if the US$ goes skydiving, then SBD goes tandom, which means we'd all be broke. Get it?
If you're interested, you can trade both steem and steem dollars for a variety of cryptocurrencies on Poloniex. I'd say increasing your voting/earning abilities is really the only point in having steem power.
Also, if you have any BTC you want invested by pro's who'll grow it for you at a tiny fee, may I recommend this mob:
https://mra.usitech-int.com/
(Don't forget to bookmark it.)
Thanks for thoughts re US$ + SBD being that co-joined.
But I do wonder about Steem vs SBD are they just as co-joined?
ie can steem become 'valuable' while SBD is not?
if so I'm better hodl steem (or SP) rather than SBD?
If I'm wrong & all are tied to US$ on an almost parity basis, then I'm concerned.
ie My gut is telling me a 1929 rerun is just around the corner
(in fact worse that '29 due to computer trading speeds)
I looked at poloniex, but USA only ATM I think and they want verification anyhow.
I don't have any crypto to trade ATM so it can wait, in fact
I'll wait until more crypto-zombies are awoken & I'll get an anon trading account.
I hate gov / banks / exchanges having private info.
Nothing to hide, but big brother privacy has value to me.
Thanks for link, book marked.