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RE: Why I Left YouTube for Steemit and DTUbe
thank you! the bully-free zone is my favorite part haha, definitely had to highlight that! :P WHOA that is so crazy, like how does that work !? :O aww thats nice of u to say, thank you :)
Yes that's my favourite part too! STEEM is meant to be pegged to USD, but it's way more valuable now, not entirely sure why though. You get a percentage of the payout, the curators also get some but it should tell you after 7 days and then you can go to Wallet and then Redeem Rewards to get it transferred onto your STEEM profile. I haven't figured it out passed that though as I don't plan to cash out anything this year - just want to power up!
Steem Dollars/SBD (Steem Backed Dollars) are meant to be pegged to USD. The cryptocurrency is STEEM, SBD is just a token backed by STEEM. SBD is meant to be stable, although it's currently not.
So every day STEEM (the crypto) is put in a reward pool, then everything in the reward pool goes out to the authors/curators and when it does it's converted to SBD, so the $ you see is SBD.
I think the problem is that most people use their SBD to power up their account, so the demand makes it go up in value :P
Whoa😲 i see thanks for explaining 😄 not gonna lie had to read that over again a couple of times to understand haha, but seems cool 👍😝
It's pretty confusing I must admit. Not sure if I fully understand it myself yet 😋