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RE: My First 'Steem Dollar' Coffee: How to Guide Included!! AMA..

in #steemit-howto • 8 years ago

Ha, good point @juilee. I live in the UK, but earn my money in USD. So I was one of the few people who Brexit benefited financially from the outset. However, in all honesty, I think that the £ will recover over the coming month. Best take advantage while I can...

8 years ago in #steemit-howto by
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     8 years ago (edited)

    Hopefully though next time you decide to purchase a coffee with Steem that $5 SBD will also cover the cost of a blueberry muffin. At this rate of growth $5 SBD could shortly purchase a De'Longhi Magnifica coffee machine . You could be right about Sterlings recovery.

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       8 years ago 

      The coffee only cost me £2 (from a street vendor in London), so I could have afforded a Blueberry muffin with the £2.66 change :) I like to think SBD has a natural cap. Some sort of function of $1 and the 10% per annum interest rate. But with interest rates around the world around 0, it could certainly go higher than the current $1.30ish price tag...

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       8 years ago 

      Regarding the natural cap, yes we want to avoid "Tulip Mania" with SBD. Cheers

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