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     7 years ago (edited) 

    The steem system doesn't treat steemdollars like 1 USD. See below.

    Another Updated Source

    Steem dollars are basically IOUs for however many steem tokens it takes to give you a USD worth of value when you cash out. If steem tokens are trading for $0.50 and you go to cash out one steem dollar the steemblockchain protocal will give you 2 steem tokens in exchange for your 1 steemdollar leaving you with 1 USD worth of steem token.

    $1.03
    • Past Payouts $1.03
    • - Author $0.78
    • - Curators $0.26
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    [-]
     7 years ago (edited) 

    You just contradicted yourself and confirmed what I said. :]

    $0.03
    • Past Payouts $0.03
    • - Author $0.02
    • - Curators $0.01
    1 vote
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