A Penny a Day- By Brandon WilliamssteemCreated with Sketch.guytremat (60)in #bitshares • 7 years ago (edited) The amazing power of compound interest! <iframe width="560" height="315" src="" frameborder="0" allowfullscreen></iframe> #busy #steem #bitcoin #cryptocurrency
It's not the fact that it's compounding that makes a difference. It's the interest rate. Realistic interest rates are around 5% a year, or .013% a day. That's 1/8000th of the interest shown in this video.
Relevant xkcd: https://xkcd.com/947/
yes it is that simple
Great concept and video. I appreciate you taking the time to make this.