Yopss.. Hi friends ... in the article today ... I will discuss a little bit as much as the fact yg may not yet know about the Steem Dollar (SMD) in a Steemit Platform. Actually all yg related facts facts with Steem Dollar (SMD) is already written in the documentation whitepapernya steemit, but if you are still confused and given in the previous article ane also has yet to explain in details, so I dedicate this article specifically for discussing the Steem Dollar (SMD).
The most common reply thing yg we know about Steem Dollar (SMD) is that it was created as a unit of value in the Platfrom Steemit stable yg. Steem Dollar (SMD) was created from the blockchain Steemit when posting blog diupvote by readers. Steemit then calculated the value of each blog post based on the number of votes and the quality of Steem Power (SP) reply contained from any votes. The value of the results of such posting will be on-split 50:50 into Steem Dollar (SMD) and Steem Power (SP). It is in this yg understanding concepts such as creating the formation of Steem Dollar (SMD).
The main thing you should know is yg, no USD (American Dollar) true true membacking value of Steem Dollar (SMD). The value of the Dollar Steem units (SMD) terpatok on the USD (American Dollar) due to the ability of blockchain Steemit to create units of STEEM yg no limit (unlimited supply). Steem Dollar can be claimed in the form of unit value STEEM, later in this yg STEEM could be sold to the buyer with the USD (American Dollar) or assets Cryptocurrency spt cth: BitCoin. When 1 Steem Dollar (SMD) are created then the STEEM yg worth $19 also terciptakan and then converted to Steem Power (SP).
Well ... based on the above point ... very important that we realize that ... If one day when the unit price of STEEM collapsing and there is no recovery back then the benchmark price of Steem Dollar (SMD) to the USD (American Dollar) will break.
So on the second important information is the system Steemit chooses a group of people to provide value to STEEM to the USD (American Dollar) sejujur-jujurnya. Those persons elected by the holders of this STEEM, compensated/rewards are given in units of STEEM yg they would pour. If the person does not provide an accurate reply data, they can be fired from the system and new people will be chosen to replace him. The purpose of all this is put in place to ensure that Steem Dollar (SMD) can still be exchanged fairly to STEEM yg unit equivalent to $1 USD (American Dollar).
One other unique facts that could ensure the unit value of Steem Dollar (SMD) terpatok with a value of USD (American Dollar) is the existence of a system of interest rates in the economy Steemit. Holders of a Steemit Dollar (SMD) will earn interest (interest) of 10% per year (annually) yg keeps automatically accumulated per second. The aim of the system of interest rates is what? The point is if the Steem Dollar (SMD) fall under price USD (American Dollar) then this interest rate levels can be increased to mencetus against increase in demand (demand) Steem Dollar (SMD).
We should think of Steem Dollar (SMD) as proverbial as a debt denominated in USD where the Steemit community should pay with interest rate levels in the value of the unit of STEEM. If the Dollar traded above the Steem $1 then this shows that the market is willing to lend a lot more credit than those persons want to owe.
Let's recap again .... so Steem Dollar (SMD) is designed with the goal to create value for money yg stable in the system. He uses a combination of the capacity blockchain create a NEW reply STEEM donate back to Steem Dollar (SMD), and then he had a group of persons providing the value market price wrote honestly and so it has a system of levels of interest rates to stabilise the Steem Dollar value (SMD) to the USD (American Dollar).Partake must realise that there is no USD (Us dollars) you can claim from Steem Dollar (SMD) because we have to conversation to STEEM or BitCoin beforehand. If the system is working as it was designed, so should every 1 Dollar Steem can always be exchanged to 1 USD (U.s. dollars) or more than that. However ... not close kemungkian well ... He will not run as expected where there is no anyone expect this to happen.