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

in #steemit • 7 years ago (edited)

Great article, I have been using the internal exchange to purchase , glad that you pointed it out to use a wallet. Great read and info
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7 years ago in #steemit by
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     7 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.)