Conversion Report
Now automated at 10-minute intervals, if there is STEEM present in the account the bot will sell it on the internal market for SBD at a max rate of 300 STEEM per cron interval, this rate can be adjusted in Config Vars.
Thereafter, all available SBD is placed into conversion automatically.
The code repository can be seen on this Github link.
If you would like to see the code in action, donate STEEM directly to @sbdpotato and watch the bot do its thing on https://steemd.com/@sbdpotato.
Feel free to follow the conversion progress via the links below:
Individual conversions in progress can be searched here: https://steemdb.com/labs/conversions (note: steemdb is current down)
Total conversions in progress can be seen at: https://steemitwallet.com/@sbdpotato
Vote for this post to help fix the Steem Dollar Peg!
In case you missed it; here is THE LINK to the intro post about @sbdpotato.
TLDR, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!
Today's SBD Price (Spot): 0.599 USD
Current Debt Ratio: 15.41%
Target Debt Ratio: 9.90%
What do you get out of supporting @sbdpotato?
Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.
In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.
You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.
Conclusion and Disclaimer
All images used a royalty-free, courtesy of pixabay.com.
As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.
I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.
Sponsors
If you would like to have your banner featured on the daily posts, simply upload your banner in our comments sections and pledge to vote for @sbdpotato daily and/or include @sbdpotato as a beneficiary of your own posts!
Additional vote #2
This post earned a total payout of 8.975$ and 6.748$ worth of author reward which was liquified using @likwid. To learn more.
Additional vote #1
This post earned a total payout of 4.231$ and 3.181$ worth of author reward which was liquified using @likwid. To learn more.
Shit like this is why literally tens of thousands of good content-creators have left Steem. You've destroyed this place with your profiteering disguised as charity work. This blockchain is known across the internet as a failed cesspool of garbage just like this!
Not sure if you're talking about @sbdpotato or the front-runners, but the former is not profiteering from their activity.
Then why are you still here?
No one is making a profit from this.
Kindly refrain from these sorts of ignorant comments.
Likwid is. Not that I have a problem with that :D
Reasonable correction. I believe the plan is to stop using it once the fund grows beyond the seed stage. It was a way to bootstrap the effort faster.
If someone is profiting from this and you're claiming otherwise, there could be major lawsuits coming. All your computers will get seized and inspected etc. Careful.
Grow up
This is serious. You're a hypocrite, and possibly profiting while claiming otherwise. At some point, it'll all be transparent and investigated from every angle, and in the meantime, I have every right to point out what's going on. You censoring me for it shows that you're probably guilty. Not good.
I can tell you for a fact that I'm not profiting, but it also isn't my post so I don't know why you are directing this at me.
As for the downvotes, when you not only make accusations I believe to be false but also post the same exact angry and apparently deranged accusations repeatedly, then I feel justified in downvoting it.
You have made your point. Even repllying once to each post could be understandable if you have doubts about it, but repeatedly making the same baseless accusations on one post is just flooding.
Ohhhh, "Flooding".
And "flooding" is... against the rules? Or... you just don't like it, and flag my comments to correct the problem, is that it?
It's not because you're trying to shove the issue under the carpet or anything, right? It's not just that you have more SP, and don't like what I'm saying, right? Hehehe, weeeeak.
As for why I'm directing my replies at you, it's because you began speaking to me. Ask yourself why you decided to get involved, as that wasn't my decision. Maybe you feel like I was criticizing you by criticizing this project? If so, why would that be?
You have a long history of this kind of "project" involvement. Even a quick look shows that. Imagine what will be revealed when all this is analyzed by AI, which could be any time? The conclusions given and secrets revealed will change everything. Until then, keep flagging whatever you disagree with! It won't save you in the end though.
I've been out of the game for about 2 years. I still have my account and I plan to use it more frequently! Glad to see someone is trying to help the value of steem! I will be purchasing more Steem also, that should be a drop in the bucket!!
This post earned a total payout of 32.217$ and 24.223$ worth of author reward which was liquified using @likwid. To learn more.
Will be looking into this a little deeper! #SBD & #STEEM needs to rise on up, however with how the Crypto Market being bearish, we just need to continue with staying positive in general in order for the market to correct in a whole to not be bearish and become bullish on the next run, is it healthy NO is it what's going on? Well to be quite frank, It's all speculation and I don't know 100% however just my .02 cents, however when I was fully invested 2 years ago roughly, my primary was to hold SBD and Build MY SP, when the crash of STEEM started to happen, I decided to Power Down, and that created me to exchange my SBD in for more Steem at better rates, however as you may know that has back fired in the wrong direction.
I will spend my time back on the platform to re educate myself on what I personally see in the near future for Steemit as a whole, however with this process that you will be doing, I have noticed others doing this as well previously without the price of SBD rising but whos to say that cant change due to a whole different approach, with that being said i'm on board with getting these prices up! Lets see what 2020 has instore for us, and lets get it!
#StayingPositive
Shame on all you profiteers, ruining the Steem blockchain while pretending you're here to fix it. Disgusting.
SBD is literally tanking its tits off today lol should we really care anymore?
Congratulations @sbdpotato!
Your post was mentioned in the Steem Hit Parade in the following category:
Весело
Thanks for the post.
Thanks for the post.
Come one... Don't tell me all you whales behind this can't afford 65k STEEM...
It's way easier than making this useless posts again and again...
goooooooooood