@haejin and@ew-and-patterns both claim $30+ SBD. So wait until that and start exchanging your SBD for STEEM. Alternatively you can buy something like Dash using Blocktrades using your SBD. Dash is curently where Bitcoin was a year ago and it's got 8+ million USD monthly budget for all sorts of stuff.
You never know when sbd comes down to peg 1$ while steem is main currency of steemit and steem power is backbone, it's always good time to invest into it.
You really shouldn't dispense information when you don't know what you are talking about. There official name are Steem Backed Dollars and they are meant to be worth "at least" $1 USD. Witnesses are required to take action to prop up the value if they fall below that. Here's a useful link for the ignorant.
pfft, they still have a correlation to the $ and witnesses are still required to act if they fall below the $. You stating that they are not related to the $ is still false information.
It seems that in various official documents(steemit posts are not official documents). They are using different naming. I will be submitting a github ticket request that the naming be corrected so that all official documents use the same name.
What's important however isn't the exact name It's the fact that there is a tie to the $ and that witnesses are required to act if it falls below the dollar. Stating otherwise is false information.
"Steem Dollars are referred to with the symbol SBD, an acronym for Steem Blockchain Dollars. Creating SBD requires a combination of a reliable price feed, and rules to prevent abuse. Providing a reliable price
feed involves three factors: minimizing the impact of an incorrect feed, maximizing the cost of producing an incorrect feed, and minimizing the importance of timing."
Lmao - Who is the idiot now idiot, read the updated whitepaper smart-ass!
I have been successfully using upvote bid bots to vote on my posts. I post once every day, on the 6th day of a post I use my sbd for votes. I usually get 2x or more from my bid after curation. So say I spend 20 SBD I will get around 20-25 sbd back + 8-12 Steem Power. Then the next day I use the rewards to repeat the process. It's like recycling your SBD and getting free SP on the side.
@haejin and@ew-and-patterns both claim $30+ SBD. So wait until that and start exchanging your SBD for STEEM. Alternatively you can buy something like Dash using Blocktrades using your SBD. Dash is curently where Bitcoin was a year ago and it's got 8+ million USD monthly budget for all sorts of stuff.
I'm really liking Dash.
What I am not sure of though is - even if SBD goes to 30 dollars, if Steems are 14, thats only 2.1 steems per SBD, right now we can get 4+!
I am noticing that the ratio is going down as both are rising now, I am converting now to steems, but of course, just one man's opinion!
Be a little slow. SBD could quickly resume. You'd make money either way. Keep a good eye on those charts.
That is a good point - we are making what seems like loads of money either way. I think I will keep a few in reserve ;p
You never know when sbd comes down to peg 1$ while steem is main currency of steemit and steem power is backbone, it's always good time to invest into it.
SBD is not pegget to the USD
SBD = Steem Blockchain Dollar ;)
You really shouldn't dispense information when you don't know what you are talking about. There official name are Steem Backed Dollars and they are meant to be worth "at least" $1 USD. Witnesses are required to take action to prop up the value if they fall below that. Here's a useful link for the ignorant.
Steem Backed Dollars
Also here is a good post for those interested https://steemit.com/steemit/@dragosroua/sbd-actually-means-steem-blockchain-dollars-not-steem-backed-dollars
But you could have bothered to check properly first.
pfft, they still have a correlation to the $ and witnesses are still required to act if they fall below the $. You stating that they are not related to the $ is still false information.
It seems that in various official documents(steemit posts are not official documents). They are using different naming. I will be submitting a github ticket request that the naming be corrected so that all official documents use the same name.
What's important however isn't the exact name It's the fact that there is a tie to the $ and that witnesses are required to act if it falls below the dollar. Stating otherwise is false information.
PS - for calling me an idiot enjoy your flag.
From the WHITEPAPER page 9!
"Steem Dollars are referred to with the symbol SBD, an acronym for Steem Blockchain Dollars. Creating SBD requires a combination of a reliable price feed, and rules to prevent abuse. Providing a reliable price
feed involves three factors: minimizing the impact of an incorrect feed, maximizing the cost of producing an incorrect feed, and minimizing the importance of timing."
Lmao - Who is the idiot now idiot, read the updated whitepaper smart-ass!
Link: https://steem.io/SteemWhitePaper.pdf
I would recommend you don't touch your SBDs..
I have been successfully using upvote bid bots to vote on my posts. I post once every day, on the 6th day of a post I use my sbd for votes. I usually get 2x or more from my bid after curation. So say I spend 20 SBD I will get around 20-25 sbd back + 8-12 Steem Power. Then the next day I use the rewards to repeat the process. It's like recycling your SBD and getting free SP on the side.