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RE: TimCliff Witness Update 2017-03-05
Yes, that is correct!
The three ways to reduce the SBD debt level (relative to STEEM price) are to:
- Convert SBD to STEEM via your wallet (as you described above)
- Burn SBD (by promoting posts)
- Raise the price of STEEM
The third way is obviously the best option, hehe - but from the perspective of an individual user, items 1 and 2 are the things you can do directly.
Thanks so much for your reply!