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RE: Thoughts on STEEM-Backed Dollars and Holding the Peg

in #steemit7 years ago

You can buy internally, but you might be able to find better prices on external exchanges. Just don't use the conversion function right now. It does two things:

  1. Decreases the supply of SBDs by destroying them. (This puts upward pressure on SBD prices.)
  2. Gives you less STEEM than if you sold the SBD and bought the STEEM. (It also takes longer to convert it.)