Also, so... the only reason I have SBD as an investment rather having bought steem, powered up and delegated is that by sending the sbd to you I lock in the current price if SBD goes down relative to STEEM, and I can withdraw and resubmit if SBD goes up in value relative to STEEM, and thereby lock in the very best possible price. Which is great for me, but seems like it could be a hardship for you/tipu down the line if/when you start actually converting the SBD into SP and then these fluctuations happen and people withdraw because of it.
I.E. you could find yourself in a circumstance where you owe more SBD than you have STEEM that you can buy it with. If STEEM tanks and SBD soars (like it did at one point... 0.14 SBD/STEEM was a beautiful shining moment once.)
I don't know if you've noticed this potential problem, which is all to the advantage of investors, but could be problematic. An easy solution would be that you only offer STEEM refunds or that you only accept STEEM. Or, this can just be part of the risk/reward of both being an investor and running the program. I don't mind the risk, but wanted to make sure you recognize it.
That is very good point and I have been thinking about it - as long as investors are using @tipU own STEEM POWER -we're good. Actually I have already used part of the invested SBD to buy steem - an investment of 2500 SBD came in, wow. But only part of this one investment was used to buy SP.
I'm sure you're fine for now, but you're reaching that threshold... If people are paying attention, they'll all put their SBD into @tipu now while it's near the 3 month bottom, and then if SBD rockets, withdraw all at once.
- Delegating STEEM POWER to @tipU
- Investing SBD and STEEM to @tipU
@tipU distributes daily 100% of profit + 60% of curation rewards to all investor and STEEM POWER delegators.This command should also have a section about deposits and tipping/upvoting
Sure, working on it but first something else... ;)
Of course you are! :)
Also, so... the only reason I have SBD as an investment rather having bought steem, powered up and delegated is that by sending the sbd to you I lock in the current price if SBD goes down relative to STEEM, and I can withdraw and resubmit if SBD goes up in value relative to STEEM, and thereby lock in the very best possible price. Which is great for me, but seems like it could be a hardship for you/tipu down the line if/when you start actually converting the SBD into SP and then these fluctuations happen and people withdraw because of it.
I.E. you could find yourself in a circumstance where you owe more SBD than you have STEEM that you can buy it with. If STEEM tanks and SBD soars (like it did at one point... 0.14 SBD/STEEM was a beautiful shining moment once.)
I don't know if you've noticed this potential problem, which is all to the advantage of investors, but could be problematic. An easy solution would be that you only offer STEEM refunds or that you only accept STEEM. Or, this can just be part of the risk/reward of both being an investor and running the program. I don't mind the risk, but wanted to make sure you recognize it.
That is very good point and I have been thinking about it - as long as investors are using @tipU own STEEM POWER -we're good. Actually I have already used part of the invested SBD to buy steem - an investment of 2500 SBD came in, wow. But only part of this one investment was used to buy SP.
I'm sure you're fine for now, but you're reaching that threshold... If people are paying attention, they'll all put their SBD into @tipu now while it's near the 3 month bottom, and then if SBD rockets, withdraw all at once.
True, this is very possible scenerio. Do you think I should limit invest option or just focus on informing users?