You are viewing a single comment's thread from:
RE: Today I Learned How The Price Of Steem Dollar (SBD) Is Made - You Should Know About That Too
The SBD seems to be one of the great mysteries of the universe.
Not only its value. But also its origin, and its purpose.
What is it actually good for? The currency inside Steemit is Steem. It can be converted to SP and given to someone, as well as traded outside Steemit. So the SBD is neccessary for - what? To make the reward system more interesting? Without the SBD, someone would perhaps even understand how it works. God forbid...
More surprising so: the SBD is listed as a independent coin on coinmarketcap (currently 115. pos.).
lol... it is an own universe here, true^^
I've read somewhere about the purpose where it was stated that the 2nd currency acts as dampener for price changes.
Also - I don't know it but speculate here - only SBD is a crypto currency that is getting mined like Bitcoin (the B in SBD stands for Blockchain). The Steem is only a token which is being filled by the users with content.