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RE: Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).
SP is actually the value of VESTS given in STEEM. There really is no SP. You get VESTS. You can power down VESTS into STEEM (Basically sell your VESTS for STEEM) It was assumed that SBD would be mostly be around 1 USD and ecosystem was designed to use SBD just like how it is being used today. STEEM is just for trading and powering up. That was the original intention.
Hi @vimukthi
It sounds like you are really informed when it comes to the Steemit platform. Where can I read up on it some more?
Also, you mention:
Do you think SBD will fall away? Is there really that much SBD offer which we cannot do with Steem?
https://steemit.com/faq.html is a great place to start. I picked up most of my knowledge reading posts written by developers/witnesses. It all happened organically and my knowledge about the blockchain is only "Above Average".
Here are few more cool tools to check out: https://helloacm.com/tools/steemit/
A little old post of mine: https://steemit.com/steemit/@vimukthi/sharing-some-of-my-steemit-wisdom-after-228-days-and-1000-followers-a-collection-of-tips-useful-sites-apps-built-on-steem-and
Great place to learn and observe stuff created by @drakos: https://steemian.info
The difference between SBD and STEEM is that SBD has a price floor of 1 USD. In any case SBD price go below 1 USD, you can buy some in the market and convert each SBD into 1 USD worth STEEM. That's how it was designed to be. You can't buy VESTS with SBD you need STEEM to power up. Other than that they are mostly similar things.