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RE: Why Is SBD Getting Dumped Like This?
Well, Convertion doesnt work so Well and SBD is basically broken.
Implementing MakerDai mechanism into our sbd would be a good next step.
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Conversion is not working now because the Debt Ratio is at 10% now. It just checked SteemWorld and it gets its value from Coincap and SBD is now at 69 cents. What's limiting its fall is that when the debt ratio goes below 10%, it becomes possible to convert it into STEEM again at 1 USD per SBD.
Yea Ik
Ive done convertion a year ago and a few months ago when it still was possible.
Didnt get as much as just by trading the interal market.
That's why I said here that convertion doesnt work too good.
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