[Steem talk] Final burn of 2019

As you notice, the convert function has been removed from steemit.com in sometimes back, due to confusion of the public. Trust me that was the time when SBD worth $14 and Steem was at $2, I didn't know it was vest to vest conversion, I sent 11 SBD for about 8steems, when it supposed to be 77 steems if I use the market conversion 😂

Anyway, fast forward to what currently have is @steemworld where we can still have access to the conversion. Trust me, this function still has its own edge when Steem below $1 and SBD above $1. Where the feed pice in #steem would yield more crypto value then the vest!

Looking at the current trade book, it's simple to see per steem to be exchange with SBD having less demand, and SBD throwing in high volume for steem become imbalance. Safe to speak if steem is not increasing value, this pattern is a clear sign of SBD overstocked and is going to devalue anytime, pretty soon. I could be wrong, but that's my gut feeling.

What can I do is sell my SBD for current exchange rate for Steem, but you and me know they don't worth this much because steem/USD is currently at $0.13 😂😂😂 But again, flooding SBD o the market would not make any good to both steem nor SBD value. Now we know for the amount of SBD I have can be exchanged with 25steems if I fire up the order. Remember, limit the flow of SBD is what am I trying to do here. So, what can I do is, convert them from vest to vest. Those who have no idea what vest is, that is the ACTUAL value measurement unit in the blockchain, and x amount of vest could represent y amount of steem or SBD. By using convert function, which means we burn the SBD for vest, and we use vest to generate Steem.

In @steemworld, the traditional convert function is still available here and I like to use it here because it's simple and easy to use.

Note that there is a sliding bar for you to adjust how much of SBD you wish to convert. In this case, 100% is going to burn and I'm not even bother if it's profitable anymore. I know it's insignificant of my 5.15SBD of how little can it do, may be 3 and a half days later we shall revisit and see if this turn out to be a huge loss of conversion, but what is done is done. As at now, all SBD has been sent to convert. I don't need luck, #hodl #steem is my ultimate goal.

I don't see anytime soon if there's SBD to be distributed within rest of the year, hence this article had been titled as final burn of 2019 dedicating for my final portion of SBD in 2019.