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RE: The Best way to exchange Steem Dollars for Steem
I had an odd discussion with @dragosroua about the two ways.
Even though he agreed that Conversion removed the SBD IOU from the system, I think he says it is only during that 3 day period. I still think it would remove it completely, because the SBD is no longer there.
So, while the Market is the "Quickest" way, it isn't the "Best" way. ;)
Hmmm as a test 3.5 days ago I sent $1SBD through Market and $1 SBD through transfer .... I received $ 1.98 Steem from Market and .90 through the 3.5 day transfer
Market will always be faster and offer you the best possible price for the now.
I'm just saying the BEST thing for Steem is to eliminate the IOU.
Not sure I have come across the IOU ... is that when I set a really high Market price to sell my SBD ?
SBD is an IOU for STEEM.
Oh ... I did not know that.
So what does that mean exactly. ... that eventually your SBD will become Steem ? Should you just hold onto all your SBD then ?
It is an IOU note for getting STEEM, which is what the Conversion is for.
That's why I assumed the SBD was eliminated on the Conversion for good, not just for the 3 day period it took to convert it.