not the rising debt the print rate of liquid steem after threshold it was to start slowly and build from 5% the change allowed this higher but obviously was too much at once
the SBD price was/is 91c nowhere
it is $1.12 on hitbtc but this is fake, average for the rest is $0.86c
91c is (well was at the time I wrote; now closer to 90c) the current amount in STEEM that the blockchain will deliver per SBD to a matured conversion request. If you don't like the market price you can use the conversion feature but you must accept a 3.5 day delay.
i see for 15mins about $10k USD was traded on bittrex to get to 90c for 3 mins and fall again now back at 87c
yes i see the ability to stop a conversion has been removed for some reason and why hasn't the conversion function been restored on the most used portal steemit.com surely many users converting small amounts would add up to more than is currently and help stabilize the system as was in the past
There was never any way to stop a conversion. That would complicate things greatly.
There are positives and negatives to having the function on the web site, but there are numerous guides to how to do it for people who really want to.
dont see how this is an answer to why on site conversion of SBD wasn't made readily available again without having to use third party tools.
wasn't it to be restored after peg returned closer to $1 which it has been for over 9 months
and wouldn't it have prevented recent collapse of SBD $ rate
That's entirely up to the operator of the site. Any web site is a centralized service. FYI there are many different additional blockchain functions which steemit.com does not support.
I'm mostly neutral on whether it is better or worse to have it on the web site overall (except when SBD is overvalued when it is clear to me it is worse), but it also isn't up to me.
Very doubtful, but I guess it isn't possible to say for sure. Most of the active traders, as well as largest stakeholders are well aware of how to perform the function without the web site, and many have done so.
not true see https://zeronet.io/
how many of these are important parts of the platforms economics?
overvalued or undervalued seems SBD is broken in both directions to incur a loss.
if so what is your hypothesis on how the SBD peg was broken?
seems to me the break started after HF19
I don't know what that is but someone owns that domain and runs a web server on it. That is centralized to some degree at least.
Many of them. For example delegation is has an enormous role in the economy right now and isn't supported by steemit.com. Arguably its role in the economy is far larger than SBD.
In my opinion there are two root causes:
HF19 caused some problems, yes. Because the unintended emptying of the reward pool interrupted SBD supply and this facilitated the first SBD pump. I don't know if that made a real difference or not to the much bigger pump that happened when all of crypto went lunar. There is still the very real issue of the SBD peg having limited ability to cope with rapidly increasing/increased demand. HF20 was a small improvement going forward but probably not enough (this assumes that #2 above somehow turns around otherwise it is all a moot point).