Viewing a response to: @smyle/re-redfishpillar-ask-me-anything-about-steemit-wednesday-amawed-exclusively-for-newbies-2-join-us-from-10-30-am-today-20170913t083904627z
Welcome to AMAWED, @smyle! My response to your questions are 1. I do not even think that steem strenghts/rates are determined by changes in btc. My understanding is that the price of steem is determined by **'usability'** which is the way people use the platform steemit and token, steem. I would also add that the price of steem in the market depends on whether or not the steem token is scarce. As in basic economics, scarcity brings about increase in value. So if steem is scarce in the market, the price will increase, but if there is too much of it in the market then you will see a decrease in price , just like money, which follows the rule of demand and supply. 2. Steem backed dollars (SBD) was created as another coin for steemit to bring about stability of steem in the market. Please read more from [steemit's whitepaper](https://steem.io/SteemWhitePaper.pdf) and her [recent bluepaper](https://steem.io/steem-bluepaper.pdf) . 3. Well, between SBD and steem, I would advice a Nigerian to sell SBD. The Nigerian should ''power up'' his/her steem, in my opinion. 4. From my experience, I think, it's easier to sell steem on [blocktrades.us](https://blocktrades.us/). However, transaction fees are less on [ bittrex](https://bittrex.com/account/login). Thanks for the commendation and for participating in AMAWED. I really appreciate. @maryfavour
post_id | 12,711,723 |
---|---|
author | maryfavour |
permlink | re-smyle-re-redfishpillar-ask-me-anything-about-steemit-wednesday-amawed-exclusively-for-newbies-2-join-us-from-10-30-am-today-20170913t090542456z |
category | redfishpillar |
json_metadata | "{"app": "steemit/0.1", "users": ["smyle", "maryfavour"], "links": ["https://steem.io/SteemWhitePaper.pdf", "https://steem.io/steem-bluepaper.pdf", "https://blocktrades.us/", "https://bittrex.com/account/login"], "tags": ["redfishpillar"]}" |
created | 2017-09-13 09:05:51 |
last_update | 2017-09-13 10:26:09 |
depth | 2 |
children | 2 |
net_rshares | 0 |
last_payout | 2017-09-20 09:05:51 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 1,371 |
author_reputation | 21,161,943,744,615 |
root_title | "Ask Me Anything About Steemit Wednesday (AMAWED) Exclusively For Newbies #2. Join Us From 10.30 AM (CET) Today." |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
Thanks for your detailed response @maryfavour. I have a better understanding of steem and sbd now. 🙌
post_id | 12,716,140 |
---|---|
author | smyle |
permlink | re-maryfavour-re-smyle-re-redfishpillar-ask-me-anything-about-steemit-wednesday-amawed-exclusively-for-newbies-2-join-us-from-10-30-am-today-20170913t102123413z |
category | redfishpillar |
json_metadata | "{"app": "steemit/0.1", "users": ["maryfavour"], "tags": ["redfishpillar"]}" |
created | 2017-09-13 10:21:42 |
last_update | 2017-09-13 10:21:42 |
depth | 3 |
children | 1 |
net_rshares | 59,830,805,760 |
last_payout | 2017-09-20 10:21:42 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.128 SBD |
curator_payout_value | 0.042 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 100 |
author_reputation | 38,410,012,141,295 |
root_title | "Ask Me Anything About Steemit Wednesday (AMAWED) Exclusively For Newbies #2. Join Us From 10.30 AM (CET) Today." |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
redfishpillar | 0 | 59,830,805,760 | 100% |
You are welcome, @smyle. Glad that I was able to help. Enjoy. @maryfavour for @redfishpillar
post_id | 12,718,753 |
---|---|
author | redfishpillar |
permlink | re-smyle-re-maryfavour-re-smyle-re-redfishpillar-ask-me-anything-about-steemit-wednesday-amawed-exclusively-for-newbies-2-join-us-from-10-30-am-today-20170913t110441152z |
category | redfishpillar |
json_metadata | "{"app": "steemit/0.1", "users": ["smyle", "maryfavour", "redfishpillar"], "tags": ["redfishpillar"]}" |
created | 2017-09-13 11:04:51 |
last_update | 2017-09-13 11:04:51 |
depth | 4 |
children | 0 |
net_rshares | 0 |
last_payout | 2017-09-20 11:04:51 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 94 |
author_reputation | 2,110,787,163,700 |
root_title | "Ask Me Anything About Steemit Wednesday (AMAWED) Exclusively For Newbies #2. Join Us From 10.30 AM (CET) Today." |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |