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RE: CDs, Savings accounts, checking accounts. A financial analogy to explain Steem to others so they will join us.

in #steem8 years ago

The one thing I'm not certain about is the estimated value. Is that just the steem dollars or total for Steem, Steem Power, and Steem Dollars?

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Admittedly the estimated value does not match this analogy. My understanding is that the estimated value comes from a week average of the price of Steem. So unless you power down everyones estimated value should increase since Steem had shot through the roof recently.

So the estimated value is the value of Steem, Steem Power, and Steem Dollars combined?

The estimate is delayed by a few days (3 I think) this should stop it swinging all over the place as the price moves up and down a lot in these early days ;)

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