RE: Isnt this all more complicated than it needs to be?
There are 3 different tokens, because they serve 3 different purposes.
It's complex for a reason.
Consider this was Facebook.
In Facebook, as an owner of Facebook shares, that would be one value. Here it's called SP or steem power. That's your shares in the system
In Facebook, an owner of "FB Credits" which they use to have, is a token on the system for playing games, and doing things with, that's what SBD basically is ($1.00 worth of USD) and SBD is a token, almost like a FB Credit that has the same value on the steem network like cash
On Facebook, when you move money in/out via Paypal, that would be like USD. Instead of using USD here, we trade in STEEM. That's the equivalent.
So on Facebook, you have 3 of these things. Here we have 3 of these things.
That's the long answer to say. We're not any more complicated than Facebook. It just appears that way at the beginning.
I hope this helps.
It was interesting! What are people talking about when they refer to "Vests". In my previous world something vested over time. Like Stock Options vesting over 2 years.
How do I apply that terminology here?
Hey thanks not really getting the Facebook comparator too well as I'd rather develop tertiary syphilis than have anything to do with that site but nonetheless very useful. Maybe its the whole 'steeminess' of it all. Kinds of reminds me of old school batman who had the batcar and the batcopter and the batarang. Anyway im not here for the money but I felt the whole 'kinda money' system was getting in the way of my understanding- you took care of that so thanks a lot
Oh one final thought - as i understand it (and here thats probably synonymous with 'i dont understand it,) on facebook you can use the site without worrying about any of the crap you just so artfully explained right? Can i do that here? Hope so because while i understand more thanks to you still - fuck that noise i cant be giving a crap about my $4 of whatever it is i apparently have in my wallet. Thanks anyway though