Difference between revisions of "Steem Dollar (SBD)"
From Steem Center
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==Links== | ==Links== | ||
| + | * '''@dantheman''' : [https://steemit.com/steem/@dantheman/introduction-to-steem-dollars-sbd Introduction to Steem Dollars (SBD)] ''April 18th, 2016'' | ||
* '''@krnel''' : [https://steemit.com/ned/@krnel/ned-on-sbd-does-the-community-want-to-continue-to-be-paid-out-in-steem-dollars Ned on SBD: "Does the community want to continue to be paid out in Steem Dollars?"] ''December 21st, 2016'' | * '''@krnel''' : [https://steemit.com/ned/@krnel/ned-on-sbd-does-the-community-want-to-continue-to-be-paid-out-in-steem-dollars Ned on SBD: "Does the community want to continue to be paid out in Steem Dollars?"] ''December 21st, 2016'' | ||
* '''@ausbitbank''' : [https://steemit.com/steemit/@ausbitbank/psa-steem-backed-dollar-printing-has-been-suspended PSA - Steem Backed Dollar printing has been suspended] ''March 2017'' | * '''@ausbitbank''' : [https://steemit.com/steemit/@ausbitbank/psa-steem-backed-dollar-printing-has-been-suspended PSA - Steem Backed Dollar printing has been suspended] ''March 2017'' | ||
* '''@timcliff''' : [https://steemit.com/sbd/@timcliff/sbd-debt-reduction-a-fiscally-conservative-view SBD Debt Reduction - A Fiscally Conservative View] ''March 2017'' | * '''@timcliff''' : [https://steemit.com/sbd/@timcliff/sbd-debt-reduction-a-fiscally-conservative-view SBD Debt Reduction - A Fiscally Conservative View] ''March 2017'' | ||
| + | * '''@biophil''' : [https://steemit.com/sbd/@biophil/why-sbd-is-trading-so-high-and-how-you-can-help Why SBD is trading so high (and how you can help)] ''April 17th, 2017'' | ||
* '''@steevc''' : [https://steemit.com/steem/@steevc/can-sbd-work-with-such-crazy-numbers Can SBD work with such crazy numbers] ''April 2017'' | * '''@steevc''' : [https://steemit.com/steem/@steevc/can-sbd-work-with-such-crazy-numbers Can SBD work with such crazy numbers] ''April 2017'' | ||
* '''@clayop''' : [https://steemit.com/sbd/@clayop/sbd-overvalued-facts-and-advices-for-changing-crisis-to-opportunity SBD Overvalued - Facts and Advices for Changing Crisis to Opportunity] ''April 2017'' | * '''@clayop''' : [https://steemit.com/sbd/@clayop/sbd-overvalued-facts-and-advices-for-changing-crisis-to-opportunity SBD Overvalued - Facts and Advices for Changing Crisis to Opportunity] ''April 2017'' | ||
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* '''@andyluy''' : [https://steemit.com/steem/@andyluy/steem-and-sbd-big-pump-s-dawn STEEM and SBD Big Pump's Dawn!] ''November 22th, 2017'' | * '''@andyluy''' : [https://steemit.com/steem/@andyluy/steem-and-sbd-big-pump-s-dawn STEEM and SBD Big Pump's Dawn!] ''November 22th, 2017'' | ||
* '''@biophil''' : [https://steemit.com/sbd/@biophil/sbd-trading-at-a-premium-let-s-print-some-sbd SBD trading at a premium? Let's print some SBD!] ''November 28th, 2017'' | * '''@biophil''' : [https://steemit.com/sbd/@biophil/sbd-trading-at-a-premium-let-s-print-some-sbd SBD trading at a premium? Let's print some SBD!] ''November 28th, 2017'' | ||
| + | * '''@cryptographic''' : [https://steemit.com/trading/@cryptographic/a-sbd-usd-hard-peg-at-what-cost A SBD-USD Hard Peg? At What Cost?] ''December 7th, 2017'' | ||
| + | * '''@lordoftruth''' : [https://steemit.com/steemit/@lordoftruth/sbd-is-usd13-top-gaining-now-a-picture-is-better-than-one-thousand-words SBD is $13 / Top Gaining Now / A Picture is Better Than One Thousand Words] ''December 8th, 2017'' | ||
==Related articles== | ==Related articles== | ||
Revision as of 08:45, 8 December 2017
The Steem Dollar (aka Steem Backed Dollar or SBD) is a token that is meant to be worth about $1 USD, making its value much more stable compared to STEEM (see STEEM_Tokens. To be a bit more technical, a Steem Dollar is a promise to pay one dollars worth of Steem when it's redeemed.
The benefit of Steem Dollars is that business can accept them more comfortably since they have a more stable value. Can you imagine being a shop owner and trying to sell your $50 product for STEEM which a couple months ago would have been for 500 Steem compared to today being less than 50. Pricing their products and services are much easier when using a stable value, as well as knowing that what they've already been paid, won't loose value.
To try to keep the SD around the $1 mark, Steemit's Witnesses (see Steem_Witness) can change the interest rate paid (quarterly) for holding them in your wallet. Lately this interest rate has been 0% with the SBD price being higher than desired. When it gets near or under the value of $1 USD, we will start seeing the interest rate increase.
Steem Dollars may also be converted into STEEM in a process that takes 3.5 days.[1] But there is a quickier option using the Internal market.
Contents
[hide]Examples
If STEEM course is at 10 cents, one Steem Dollar could be redeemed for 10 STEEM. When STEEM is at 2 USD, a Steem Dollar would redeem for 0.5 STEEM.
Notes
SBD course isn't fixed, in some times like from May to June 2017 it has been closer to $2 USD. In August 2017 it lowered to $0,8 USD.[2]
References
- Jump up ↑ Steemit FAQ: What is the difference between STEEM, STEEM Power, and Steem Dollars? Retrieved in August 22nd, 2017
- Jump up ↑ Coinmarketcap.com : Steem Dollars (SBD) Retrieved in August 23rd, 2017
Links
- @dantheman : Introduction to Steem Dollars (SBD) April 18th, 2016
- @krnel : Ned on SBD: "Does the community want to continue to be paid out in Steem Dollars?" December 21st, 2016
- @ausbitbank : PSA - Steem Backed Dollar printing has been suspended March 2017
- @timcliff : SBD Debt Reduction - A Fiscally Conservative View March 2017
- @biophil : Why SBD is trading so high (and how you can help) April 17th, 2017
- @steevc : Can SBD work with such crazy numbers April 2017
- @clayop : SBD Overvalued - Facts and Advices for Changing Crisis to Opportunity April 2017
- @chitty : We need more Steem Dollars April 2017
- @clayop : Toward Mass Adoption of Steem Dollar: Is Pegging Really Important? April 2017
- @timcliff : Saving SBD - Proposal to Restore the $1 USD / $1 SBD Peg May 2017
- @someguy123 : SBD is no longer $1, what do we do? (Witness Discussion) May 2017
- @sykochica : Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them? June 2017
- @shenanigator : Why The Price Of Steem Dollars Is Way Up While All Other Cyrpto Prices Are Crashing June 2017
- @nanzo-scoop : The Flying Pig have landed… Time to stack up them Steem Dollars? June 2017
- @chrisaiki : Stable cryptocurrencies : BitUSD, USDT, Bit20, VIVA, HERO, X8. August 22nd, 2017
- @sndbox : How to Convert SBD to Steem Power - A Visual Guide to Powering Up October 10th, 2017
- @andyluy : STEEM and SBD Big Pump's Dawn! November 22th, 2017
- @biophil : SBD trading at a premium? Let's print some SBD! November 28th, 2017
- @cryptographic : A SBD-USD Hard Peg? At What Cost? December 7th, 2017
- @lordoftruth : SBD is $13 / Top Gaining Now / A Picture is Better Than One Thousand Words December 8th, 2017
Related articles
External links
- Boxmining YouTube Channel : STEEM Explained: STEEM, STEEM Power and SBD Video tutorial by @boxmining, published in 5/8/2017
- 99 Bitcoins : Making Money with Steemit (Steem Dollars and Steem Power explained) Written by Ofir Beigel, published in 10/14/2016
- Andrew Levine YouTube Channel : Steemit 101 - Steem, Steem Dollars, and Steem Power Video tutorial by Andrew Levine @andrarchy, published in 7/15/2016
In other languages
- 日本語 (Japanese) : Steemドル（SBD）
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