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RE: How To Use The Internal Market To Exchange SBD for STEEM
The market is pretty volatile right now which is why I'm setting up some buy and sell orders. made some profits (a few cents lol) last night with what I'm assuming was the swing of SBD.
Is there any benefit to Steem by converting SBD to get rid of it?
Depends on the current price of both.
For instance, if SBD trades under $1 (broken peg, happened before), by using conversion instead of direct buy / sell order, you decrease the circulating supply of SBD, so demand should be higher, so the price should go up, so the peg should be restored. Something like that.
O awesome. I remembered there was a time/reason to burn SBD, but couldn't remember what it was.