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RE: Steem Power pegged to bitcoin, maintains it's USD value as bitcoin rises
I don't see how SteemPower can possibly be pegged to Bitcoin. Where does it say that it is? Steem and Bitcoin are totally separate. SteemPower is pegged to the inflation rate of steem. All this time my SP value did not hold up to the value if it was in bitcoin. SP value keeps dropping, and bitcoin flying. Nevertheless I just saw your post and cancelled my power down for now because I want to double check this. Ever since the HF I have been making hardly any SP. I am watching it closely now.
by steem power not being liquid, it maintains the USD value of steem as bitcoin rises, if steem power was liquid, many would sell it when bitcoin rises and crash the price of steem
If Bitcoin shot up to 10,000 tomorrow you would still have around 64,643 steem which is 10.17 BTC, worth USD $8597 powered up plus whatever daily interest, a few hundred? But if you had Bitcoin you would have $101,772.28 USD value! That would be a lot of big macs!
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Yea I did because I thought it was misleading statement suggesting SP is pegged to Bitcoin is Ludicrous! LOL!
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Flag Removed, I decided a flag was not warrented because you do a good job getting the word out for steem.
As if the price of steem weren't crashed already? At 13 cents we be crashing foo'!lol SP won't keep this boat a float! I know your types, pump n dumpers, you were all over that Z cash when I was telling everyone it was going to nothing! LOL. Just standing up to too posts, and troll bait like that!