Still using Paypal? Well, I'll convince you, once and for all, to stop using Paypal, and switch to Steemdollars.
Steemdollars: The perfect 6-in-1 online currency.
It's on decentralized, online cryptocurrency.
This means that you no longer need to worry about counterparty risks. No longer do you need to fear someone that has power to close your account, or freeze it at any time. Sleep soundly at night knowing that your money is safe, in Steem technology's hands.
It's a price stable currency.
**No more exchange rate risks. No more checking rates of BTC in the morning frantically. **Remember: even if the open market collapses, you can always settle your Steemdollars for Steem at the rate of around 1 SBD for $1 worth of Steem. Sleep soundly at night knowing that Steemdollars will not collapse due to one person dumping it in large volumes.
It's a banking system in itself.
As Steemdollars offer a very competitive 10% per annum return on your existing SBD, this gives you the opportunity to save up, and practically invest your USD at the same time, for a stable return. Remember that all this is done trustlessly: You don't need to trust anyone to do it. That's the beauty of decentralized cryptocurrencies. Now you can sleep soundly at night knowing that your Steemdollars are mingling with each other, and generating more Steemdollar babies.
It's a non-fractional reserve banking system in itself.
In fact, every SBD has the collateral of around 200x of the value of the SBD. What does that mean? Well, BitUSD only has a maintenance collateral percentage of 175%. Steemdollars have more than 100x than that. It means that to make this banking system insolvent, it is literally impossible. Because for this to happen, Steem has to crash to less than 0.000015~ each, in an instant. No longer do you need to worry about fractional reserve scams. In fact, this is not even a full reserve banking system. It is a 200x reserve banking system. Sleep soundly at night knowing your money is backed by real value, real people and real content.
It's a reward.
What do you get when you write a post and it pays out? Well, half Steemdollars and half Steempower. This is an excellent way to generate free Steemdollars. It is truly amazing, actually, for a system that is SO GOOD to let you make Steemdollars for free. Of course, in the process of writing your post, you're also generating value for the platform, as your content is original. It's just a fair trade/swap, really. Sleep soundly at night knowing that you can write a post, and expect free Steemdollars in return.
It's a sleeping pill.
Well, not really... But it does help you sleep soundly at night(you falling asleep reading my post yet? :P).
Conclusion:
This post is intended to educate newcomers, Paypal users as well as other users about the goodness of Steemdollars compared to other online currencies. In my honest opinion, Steem is the most promising cryptocurrency project I've been involved in yet.
Steemdollars is the future of online banking. Steemdollars will replace Paypal, Perfectmoney(dodgy stuff) and online banking. No more chargebacks, no more credit card fraud, no more frozen accounts. More interest on your money, more security, more collateral.
Have the peace of mind at night, knowing that your assets are in Steemdollars, and they cannot possibly disappear.
I put the tag #cn because I wanted Chinese people to read this post as well. However, I wasn't bothered to translate it. I hope you guys don't mind, but if it is against the rules I'll remove that tag immediately.