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RE: Personal Finance Update: How I'm Setting Effective Financial Goals for 2018
That's too broad of a question lol. I did lots of things. Also keep in mind that it's only so high because the SBD and Steem price went up so much in the last month... two months ago it was only $100
Some people are saying it will reach 100 per sbd by the end of 2018, it would be so awesome lol, I guess I'll just have to keep at it
late response lol: Hmmm maybe but I would be careful with that. SBDs are supposed to be at $1 value, so whenever they get higher, the inflation rate goes up. Right now SBDs are being printed 50% faster than usual for example.
In theory, SBD should eventually go down. Of course I could be wrong... maybe I'm seeing it incorrectly. Either way - if you keep earning and holding steem you should have a good time :-)
So the way they peg it to the dollar is by either printing a lot or stop making them? Also, isn't that a bit dangerous, I've read a lot of criticism about Tether in that regard
Not exactly - every day the amount of rewards that Steem gives away is set in stone. But - they can give away more SBDs, or more steem, depending on external factors.
So the total amount of value does not change - but the amount of it rewarded as SBD or Steem Power varies. Right now it is 75% SBD and 25% SP, whereas in normal circumstances it is 50/50.
You have just answered a long time question I've had, I was wondering why I was getting so much more sbd as compared to sp, thanks!