Also reverse conversions are only useful when SBD is above $1. We need a solution when it is below $1, I have proposed perhaps changing the debt ratio haircut threshold to like 15% or 20% so that people can start converting en masse without fear of haircut to help the peg, can change it back later.
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Hi @thecryptodrive
The thoughts are very good
we join, my team in norway and i stand with 100% vote
Regards @xpilar
Hi @xpilar
What do you think about sbdpotato now? 3 months later? I'm just learning about this project and I would like to hear your opinion.
Cheers, Piotr
Hi @crypto.piotr
So far, it has had a positive impact on the SBD price and the debt ratio is decreasing. The project is now funded and the last post from @sbdpotato was 5 days ago so for now our upvote is not used and the post that appeared on the trending will not be a problem.
I suggest you read this link, here are many answers that allow us to better understand this with the SBD award
https://steemit.com/sbdpotato/@thecryptodrive/no-brainer-sbd-potato-top-up-proposal
Thank you @xpillar, together we can fix SBD!
yes @thecryptodrive,
and those who are smart will now also invest in SBD again 👍🙂
Haha yes, good opportunity to earn 30% on your money in maybe a less than a year.
Yes, there is a chance of a good return
This is true, though I would argue that Reverse Conversions might prevent this problem from recurring during the next pump. To me this does look like a bit of a band-aid solution and does not address the core issue.
@smooth basically answered this perfectly, no need for me to reply further.