What is Steem? Steemit is a new social media platform built on the Steem blockchain where the community rewards individuals for theirShow more [+] posts, comments and votes, co-founded by Ned Scott, CEO, and Daniel Larimer, CTO of Steemit and founder of Bitshares.
Underneath the hood of Steemit.com there is the tradeable cryptocurrency token, called STEEM.
With Steemit.com, posts, comments and votes are immutable. Attribution is a given. Accreditation is not taken for granted. And community appreciation is an actual reward.
Did you know that 1 SBD is exchangeable for 1 USD worth of steem (priced at the median price over the next 3.5 days)?
Not from steemit.com though. But plenty of alternatives.
If you're feeling relatively confident that the price of steem will stay still for a spill and want to buy steem, consider buying SBD with it and convert. Or you may even take liquid steem, buy SBD on the internal market, and convert. You might end up with more tokens in 3.5 days. Or you might not. How's that for a different kind of gambling? (You do help the SBD peg from below though by playing. Ish.)
Don't try this at home unless you've fully understood wtf I am talking about though.