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RE: [QUESTION] Is it possible to convert STEEM to SBD on Steemit.com?
Also, you talk as though 2-way conversion would somehow be inconsistent with the peg. That doesn't seem true to me. If SBD is overvalued, it would be handy to be able to issue new SBD on demand to lower the price. What am I missing?
I'm not sure if it would be inconsistent. I think the lack of STEEM->SBD conversion is supposed to make SBD scarce. It may also have something to do with stopping people from "harvesting" interest by creating SBD.
The point is, conversion in one direction is necessary for the peg while in the other it isn't. That's why the one exists and the other doesn't.
Yep, that makes sense. Thanks. Your answers are always appreciated!