The Convert function is a waste of money & time. (I'm a dolphin)
My conversion just finished, and I was looking forward to many $$$ of STEEM, but actually, I lost money. That's right, by waiting 3.5 days for my STEEM, I actually ended up PAYING MORE for my STEEM than if I were to just buy it instantly. Isn't that insane? I lost about £5/50 STEEM by waiting for what felt like ages.
That's due to the mechanism in STEEM which says if there is too much debt, let's unpeg the asset and do a completely different calculation to work out what you'll recieve.
Anyway, I've just surpassed the 10m VESTS to become a dolphin.
It took all the STEEM I had, as I only expected it to be 5k, but it's around 5050 that you hit 10m vests (as of today)
Hooray! I lost some STEEM and became a dolphin in the process. How awesome.
Moral of the story, check this number before converting:
Also, I now have the ability to create offspring on the chain (if the RC cost is low enough, it's high atm)
Anyway, I have a cool app I want to build, which will require a fair bit of delegation, so this conversion may have fucked up my plans a little. I've already got a STEEMER offering to help though, so we should be good.
Upvote this post to save the whales 😂🤣 (This is a joke) But feel free to upvote to fill the 50 STEEM hole in my wallet LOL
Have a wonderful day,