I've heard a lot of people complain in the past that steemit doesn't pay you in "real money."
They call SBD and STEEM fake. They call them Monopoly money. The complain that they are just not real...
Oh how I wish (for their sakes) that they could have understood. However, many of them are gone now never to return. But since you are still here, I want to make something very clear to you.
MY DOLLAR IS WORTH MORE THAN YOURS
As steemians, if we are not getting paid in 100% Power Up or declining a payout, we are using the 50/50 option. This means that half of our payout is in Steem Power and the other half of our payout is in SBD. SBD is the "Steem Dollar" which is pegged to be worth about $1.00 USD.
However, a little while back SBD jumped up to being traded at around $6.00 USD, and it never fully recovered. Since that day, it seems to be hovering between about $1.50 and $2.00 USD. Just this morning when I woke up SBD was trading at $2.05. This means that our dollar, the SBD, is currently worth twice as much as the USD. What a great time to be a steemian!
If you head over to https://bittrex.com/Market/Index?MarketName=BTC-SBD you will be able to see the exchange rate and monitor it.
I wanted to mention this in part because a long-time user that I was talking to the other night did not even realize that SBD was another coin that could be traded on the market.
WHAT ABOUT STEEM?
Just a few months back STEEM was valued at about 10 cents on the market... Last summer it spiked up over $4.00 USD each!
Now, we are seeing that the current value is holding strong at over $1.00 USD for the moment. All of that STEEM that I made when it was worth 10 cents is now worth more than 10X as much! Personally, when I consider the potential of steemit, I think that we have not even come close to seeing what it is capable of, or how valuable STEEM may be.
You can track the value of STEEM at https://bittrex.com/Market/Index?MarketName=BTC-STEEM
Now is a great time for all of us to be building our brand and following, and picking up STEEM. My mind is still completely blown every time that I see my wallet.
SO, WHAT'S THE WARNING?
The warning is be educated and ask questions if you do not understand. Don't just run from something because you do not understand it. I did not understand any of this months ago. If we can understand reality and not believe the ignorant naysayers, then we will see the potential and potentially be blessed. If we choose not to understand, we will miss a huge opportunity.
NOT REAL MONEY?
Now if someone says, "It's not real money," I fully agree! It's not "real money" it is way better than that! Real USD are worth $1 and they decrease in value due to inflation all the time. Both STEEM and SBD are already worth more than that, and unlike the USD, they have the potential to grow and increase in value!!
Who's the "monopoly money" now?
EDIT - This post is written from the poor, default setting that the USD is "real money" and therefore is what we should compare other "monies" to.
As always, I'm @papa-pepper and here's the proof:
proof-of-monopoly-money
Until next time…
Don’t waste your time online, invest it with steemit.com
