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RE: SBD or Steem or SP!!??!?!?!?!?
Resteeming is not going to offer you a direct portion of the rewards for the post. Curation is when you upvote and resteeming is essentially sharing a post and allowing your followers to upvote that post as well. If you upvote a post earlier, you get a larger stake in the curation payouts, so you would upvote and then resteem and hope to get more upvotes after yours. 1 steem = 1 steem power. SBD does not always equal $1 USD as is the case for the last month or so. It's based on bitcoin and not USD so we have seen 1 SBD = 1.5-2 USD for the last month or so. Hopefully that helps.
Excellent, appreciate you explaining that.
So SBD is based on bitcoin and not USD! Riiigghtt! I'm with you!
As the famous philosopher Hannibal once said - 'I like it when a plan comes together'
Thanks again :D
It's kind of a self defeating philosophy to base a dollar on a currency you are intentionally trying to replace. In theory the SBD was created with the intention to parody the USD, but in reality it was never pegged to the USD because it is worth whatever amount of Bitcoin someone will pay for it. Increase the price of SBD lowers the production of steempower and in turns lowers inflation and increases the price of steem. It's really an elaborate system to ponder. :)
Yeah it's quite complex but I think the more that we can all talk about it, hopefully getting our heads around the whole concept of it then the easier it will be to try and explain to new users who may not understand one persons explanation but will understand another persons explanation.
I think being involved in cryptocurrencies makes you read up on trading, which in turn forces you to learn about how currency works and how it works, what affects the current price and why, and so on and so forth.
It's really quite the education system this crypto world :)
For a moment there i got confused with the SBD to USD thanks!