That's true as well, since Steem marketcap has gone down so much we're fast approaching that 10%. Also, how do people actually convert Steem? I remember asking a while back on Discord and was told we can't, doesn't that technically make SBD useless?
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We're actually very close: https://steemit.com/sbd/@transisto/sbd-debt-ratio-will-be-10-at-0-49c-steem
You can convert with steemconnect for example: https://steemit.com/sbd/@timcliff/how-to-convert-sbd-into-steem-using-steemconnect
And why did we change from a 5% to 10% ratio in HF20? Just to make the run on steem even more catostrophic as people madly rush to convert their SBD
Thanks for the guide on how to convert!
Does this mean people who have been doing this over the past few weeks have been earning a fair bit since SBD is under $1.00?