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RE: SteemWhales Update | Price tickers + USD Estimated Value
But I guess the conversion of SBD to steem is still according to the 1SBD = 1$ plan?
In that case a solution would be to get the word out to everyone that it is better to sell your SBD on the market, and buy steem for them. This would out downward pressure on SBD while raising the value of steem.
Yes, if you convert with the wallet feature, you lose a lot of value, it's better to avoid this right now. Just sell the SBDs on poloniex and buy STEEM back with it. Or use the internal market on the right side menu.
Yeah, if the same mechanism was possible the other way around, then I guess SBD would truly be in parity with USD (the community would regulate it very quickly for self profit)
Okay,
I wrote a blogpost about it. here. If it gets seen by enough people maybe it might have a small effect.
https://steemit.com/steem/@walkerlv/more-steem-for-your-sbd-and-a-higher-steemprice-to-boot