You are viewing a single comment's thread from:
RE: 5 Reasons Why You Should Power Up Your SteemDollars (SMD) to SteemPower (SP)
i have a question for your. you didnt mention that SMD is getting 10% interest per year.
i read about that fact today in another post. could you let me know how that works?
I am new and this might be a stupid question, but what is SMD?
SMD = Steemdollars. The confusing thing is, that they are not fix, because they are the representation of Steem in US-Dollar. In the Whitepaper p. 10 is stated: "Steem Dollars are created by a mechanism similar to convertible notes, which are often used to fund startups. In the startup world, convertible notes are short-term debt instruments that can be converted to ownership at a rate determined in the future, typically during a future funding round. A blockchain based token can be viewed as ownership in the community whereas a convertible note can be viewed as a debt denominated in any other commodity or currency. The terms of the convertible note allow the holder to convert to the backing token with a minimum notice at the fair market price of the token. Creating token-convertible-dollars enables blockchains to grow their network effect while maximizing the return for token holders." So when the Steem currency is getting weake against the US Dollar, then your SteemDollar decrease as well. Thats why your SteemDollar at a post sometime fall despite nobody has downvoted you. Its complicated, but really smart.
I tihink thats a great question!
Really? Thats the first time that I'm reading this. In page 10 of the Whitepaper there is no info about this. Where did you get this info?
hey, when you think you are getting some info, click on the name of who created the info. Click on this one, their blogs is only one day old, they have no steem dollars and no steem power. find people who have lots of power and links from people that have been around a while. find sources you can trust
Kalaylah, i don't know but how should anybody build up reputation if everybody followed your advice? that wouldn't work? i thought that everybody on steemit has the same chances ?
I dont agree with you, as i found this article to be well written!
If i follow your advice, my conclusion would be, that i should not follow your advice, because you have only 11 Steempower
Maybe we give anyone the chance to succeeded? what do you say?
Yes everyone deserves a chance. However you are also more than welcome to buy stock tips from someone whose never traded stock. Blessed Be
I would like to have a private chat with one of the founders or the whales. But there is no chat function here and no messaging service. So I try to get the info by writing something and hope, that smart people answer my questions in the commentaries. And besides that I'm trying to get Post Rewards. ;)