What is the point of SBD?

[hyperbatata]

Hello steemians!

To me, steem is a quite an unique crypto. Not only due to its uses and steemit.com, but because of the different tokens it carries along.

Probably most of you know how steem backed dollars (SBD) work, but I fail to understand the point for its existence!
You don`t really use it on steem network, and just basically hold it. !

Could anyone share some light on this?

Comments

[hyperbatata]

Whoy did you downvote this, @treepi? Honest question!

[steemitboard]

Congratulations @hyperbatata! You received a personal award!

Look's like you do not like Justin. Did you really downvote him?

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}

Do not miss the last post from @steemitboard:

	Downvote challenge - Add up to 3 funny badges to your board
	Use your witness votes and get the Community Badge

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

[steemitboard]

Congratulations @hyperbatata! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You distributed more than 1000 upvotes. Your next target is to reach 1250 upvotes.

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP}

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

The new SteemFest⁴ badge is ready

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

[bluengel]

plz read the comments left for @hyperbatata

don't do that harmful DV without understanding the situations !

have a good day !

Posted using Partiko Android

[bluengel]

☞ https://steemit.com/zzan/@bluengel/bluengel-re-zzan-atomy-5xmoql-20191205t042153253z

☞ https://steemit.com/zzan/@bluengel/bluengel-re-cjsdns-3zsh2e-20191204t110856457z

Remove Downvoting !

Posted using Partiko Android

[steemitboard]

Congratulations @hyperbatata! You received a personal award!

Did you downvote Steemit's posts because its owner converted it into a sockpuppets factory? OK, you deserve that badge!

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

[hivebuzz]

Congratulations @hyperbatata! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 15000 upvotes. Your next target is to reach 16000 upvotes.

_{You can view your badges on your board and compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP}

Do not miss the last post from @hivebuzz:

	Hive Revolution - Mission 1 - Communication
	Hive Revolution - Call for missions

Vote for us as a witness to get one more badge and upvotes from us with more power!