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RE: Morning Wrap: Ether on the move again, Bitcoin remains bid, NotPetya revenue fail and Cardinal Pell charged
Steem Dollars (not steem) is pegged to the US dollar. This is to ensure that long term users can have some guarantee when investing in Steem Dollars. A good vid about this
Great simple video, but a lot of the info is now outdated/incorrect ie Power down times and interest