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RE: SBD Debt Reduction - A Fiscally Conservative View

in #sbd8 years ago

As a new user i had no idea this was going on, ill make sure to do what i can as long as steemit is keeping this current trend i have no issue trading in some sbd.

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Cool - keep in mind though there is a difference between trading SBD for STEEM and converting SBD to STEEM. If you trade, the SBD stays in existence - it just changes hands. If you convert, it actually destroys the SBD and mints new STEEM in its place. Keep in mind though that conversions take 3.5 days, and you can end up with more or less STEEM per SBD than you would get from trading - depending on the price fluctuations during those 3.5 days.

Well for the next 30 days im only doing things to raise my sp so its no matter to me for now. But i will keep that in mind once I'm done with this 30 challenge.

You can do both. If you get any SBD, you can convert it to STEEM (via your wallet) and then power it up :)

Not essential but one nice feature I've wanted to see would be convert-to-SP (powers up immediately upon conversion)

Agreed. I emailed @sneak about it a few months ago.