SBD isn't really a hedge against STEEM, as a true hedge would move opposite the price of STEEM, but I think it's a good way to take advantage of a potential future increase in STEEM price without being as exposed to the potential downside. I should have mentioned in the post all the usual "don't take this as financial advice" disclaimers!
Don't think I can make it to cryptocoincon, just have too much going on right now. Hope it's a great event though! It's great to see so many events happening in the Philly area.
No worries about the financial advice disclaimer. I'm a big boy and will think things through before pulling the trigger. I'm still undecided if i want to go since no one i know is going. Plus the ticket price is kinda steep at $99.95 for last minute purchase. July pre-sale was only $49.95 which would have been a much better deal.