You are viewing a single comment's thread from:RE: What is SBD: Looking for an official definitionView the full contextView the direct parentfrdem3dot0 (58)in #sbd • 6 years ago sorry but this is not correct. At the current time you CANNOT convert 1 SBD for 1$ worth of steem.
I have 20 sbd lined up for conversion. It takes 3.5 days.
https://busy.org/@emrebeyler/let-s-save-the-sbd-peg
Yes and unless the price suddenly spikes up you will not get 20$ worth of steem.
Please read the article. Steem converts sbd at 1$ peg. Thr are multiple discussions on this and multiple tools
If you don't believe me here is an article from markymark link
Other than that there is not much point in discussing, let's just wait to see how much steem you get.
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That article is no information so i didnt quite understand how is conversion changed. Lets see how many steems i get.
As predicted you got less than 20$ worth of steem. For an updated analysis of the conversion mechanics and the problems please see this post
I m not sure. I checked internal market on same day, and i would have got 42 if i sold in market. Conversion was at 42 cents with 1$ sbd which was same as internal price.
I can tell you right now out of personal experience the peg is closer to 0.8 USD as of right now and I am quite upset.