I have never been using the conversion feature on Steemit. Is there any benefit over using the normal market orders? I've planned to add kind of an one-click market buy/sell feature in the coming weeks, so that one can immediately buy/sell SBD without the need of visiting the market.
Maybe that would be a better solution for direct conversions?
Maybe that would be a better solution for direct conversions?
I'm afraid not.
Well SBD is below $1 now, so conversion is definitely back in play.
It's also the main way SBD is removed from circulation so the debt ratio can go down. Selling it on the market just moves it between users.
Thanks for the info!
Selling it on the market just moves it between users.
I've never thought about this, but then it really makes sense to have such a conversion feature. I'm going to implement it in the coming days. Maybe I should only enable it when SBD is trading below 1 USD...
Nice job. This may be one of the greatest selling points for steemworld since steemit inc don't seem to be re-enabling this function. I have been writing about the debt issue recently and may promote your site for this feature once you are ready.