Steem Dollars Are A Game Changer

One of the more enticing aspects of Steem is the stable currency: The Steem Dollar.

At any time, the value of the Steem Dollar is roughly equivalent to the value of the dollars we are all used to spending in our daily lives. This stability is remarkable in the crypto sphere. In fact, it completely eliminates the instability that is one of the largest barriers for adoption for bitcoin and other cryptos.

This feat is achieved by a simple yet profound mechanism. A Steem Dollar can always be exchanged for one dollar worth of STEEM using the internal market. This prevents outside exchanges from undervaluing Steem Dollars.

It is so simple, yet so very powerful. Even revolutionary.

As somebody who doesn't particularly enjoy speculation and trading based on short term price movements, I can keep my funds in Steem Dollars and happily ignore the fluctuations of the market. It gives me peace of mind knowing that my money isn't subject to unpredictable volatility.

(credit: https://steemit.com/steem/@vippero/steem-t-shirt-ideas)

Among all the brilliant innovations that Steem has to offer, this is one of the ones that I'm most excited about!