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Steem Dollars - what to do with them? A simple flowchart answers it all by liberosist

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· @liberosist · (edited)
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Steem Dollars - what to do with them? A simple flowchart answers it all
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<p>Earned some Steem Dollars but wondering what to do with it? Simple, follow this flow chart -&nbsp;&nbsp;</p>
<p><img src="http://i.imgur.com/dIXyti3.png" width="1246" height="1506"/></p>
<p>For an explanation of why, check out <a href="https://steemit.com/steemit/@liberosist/beginner-s-guide-to-steem">my guide on the three Steem assets</a>.&nbsp;</p>
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properties (23)
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vote details (17)
@gridcoinman ·
I like this chart, a picture is definitely wort a thousand words.
properties (22)
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@robsteady ·
But what about holding SD to let interest accrue there so you can cash out however much you want as often as you want? Something of a compromise between powering up for voting power at the loss of the ability to withdraw quickly and a quick way to take advantage of price fluctuations in the exchanges while generating interest on its own.
properties (22)
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@liberosist ·
Yes, indeed! I actually added that to an older version of the flowchart, and you can see it in that older guide I wrote. But felt the meagre 10% interest per annum did not fit any of the categories suitable for this flowchart.
properties (22)
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@robsteady ·
I also just read the white paper section about interest again and if I'm reading it right SD won't even be paying interest out currently as it's valued over 1 USD. Plus, 10% isn't a hard set number anyway.
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