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RE: A reason to hold Steem Dollars - 10% RISK FREE INTEREST PER YEAR [Newbie Edition]
Good thing to think about. Now that people can pay for promotion with SBD, it should mean that they start to reach dollar parity again.
The thing is, you've said it's risk-free, but of course that's not entirely true. The proviso is these words:
as long as Steemit is viable
There's no guarantee that Steem is going to be worth anything in the future, and SBD, being a derivative, also has no guarantee. Still, it's something to think about for people who believe in the long-term viability of the platform.
Also, you ought to be a little careful with these kinds of posts... you don't want people thinking you're giving financial advice, so best to leave a little disclaimer.
Have a good one
Good points. I think it's also important to note that the 10% interest rate is in no way guaranteed (as far as I know). The white paper makes it sound like the ability to freely change the SBD interest rate is an important tool in order to maintain dollar parity.
I never gave any financial advice or instructions, just highlighting a feature of Steemit.
For sure. Can't be too careful with this stuff though. The financial sector can be ruthless.