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RE: Vlog 327: With the future of SMT's in mind I think a safe heaven on the STEEM blockchain in the form of a stable SBD would be extremely valuable if it can be done.

in #dlive • 6 years ago

Example: If STEEM would go to 20 cent and SBD would go to 20 cent that would mean I could buy an SBD for 20cent on an exchange then convert it to $1 worth of STEEM with the blockchain function and I would receive 5 STEEM. This will not happen to many people know.

6 years ago in #dlive by
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     6 years ago (edited) 

    I understand your point but where do we find the blockchain function(where 1 SBD is always worth 1 dollar of steem)?
    I mostly used exchanges or internal market to trade sbd for steem and vice versa.

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       6 years ago (edited) 

      There used to be an option for it on steemit.com but they removed it after people started to convert 1 SBD (worth $10 USD back then) ---> $1 USD worth of STEEM. Some people got really burned.

      I expect this option to come back when 1 SBD is back where it belongs.

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