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RE: The Great Steem Debate: Berwick VS Sovryn - Steem Discussed for Hours on National Radio!
I was one of the callers that gotcut- off. The other point I was going to make was about selling Steem Dollars. You don't have to do the conversion and wait 7 days. You can transfer your Steem or Steem Dollars directly to an exchange such as Poloniex and sell them for BTC. The conversion uses a 7 day average rate price. You would choose this option if say the price of steam shot up dramatically. Instead of paying the higher market rate, you could convert at the 7 day average and get a more Steem for your Steem Dollars. This helps smooth out the volatility of the Steem price.
Exactly! He selected convert to steem instead of transfer..this has happened several times today.
@ftlian thank you for posting all the audio and letting us know about the show. @phoenike thanks for the further explanation. That's one good thing about platforms like steemit, we get the opportunity to post comments about the show and get the chance to fully explain what we meant .
ah, I did that last week. Got them released this morning.
I would rather have transfered them to Bittrex, and if I'd known that, the transferred value would've been a bit better than the $ amount I got. Not much though...