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RE: How can we solve Steem / SBD confusion?
There are 3 types of currency. 1. Steem Dollar is used within the site amongst steemit community. 2. Steem Power is like owning a savings bond that is backed by steemit. It accrues interest 10% annually. It gives the user larger voting power and higher rewards for content created. SP can not be cashed out immediately, it can get paid out over an extended period of time. 3. Steem: It can be used both inside the Steemit community and in exchanges and traded against other currencies. Regards @sensicat
That was the intent of the Steem Dollar, but investors seem to want it too. My understanding is that Steem Dollar should not fall below a dollar. What I don't understand is the mechanism that prevents that.