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RE: SBD to STEEM Conversions and the "SBD Haircut"
Great analysis! These are great opportunities for sure which is why these mechanisms were put in place. Ultimately, there is too much SBD outstanding so hopefully this will entice others to fix this imbalance going forward. I see you made a purchase of SBD to try out as well, so we can compare notes in 3 days!
Yes, I've bought SBD and converted it in a few tranches to see what happens.