What confuses me the most with SBD are the different explanations.
Sometimes it is said (even by you), that 1SBD is worth 1USD and than that 1SBD is worth 1USD worth of STEEM. What does this worth of STEEM mean?
So let´s say at the moment STEEM is at 4USD.
1 USD would therefore be 0.25 STEEM.
So at the current price 1 SBD would therefore also be worth 0.25 STEEM.
If you think this further, this would mean, that you should get 4 SBD for 1 STEEM and the price for SBD on the market should be 4 times higher than the price of STEEM.
Wohooooo! I´m dizzy...
Either I just got something wrong in my calculation, or there is a huge difference between saying 1 SBD = 1 USD and 1 SBD = 1 USD worth of STEEM
Do you have an answer to that Hive account@exyle?
This is very important for me to understand!
Thank you!