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RE: Zappl.com supports the idea of Getting rid of (SBD)
But theres one big question, what do you do with all the SBD thats lying around? I don't think someone who hold millions of dollars in SBD will be very happy, what do you do to compensate them?
There is a conversion feature for the chain that can turn it all into steem.
So you mean they have to bear losses?? C'mon guyses this way is the perfect way to get paid. You get sp and sbd both.
How is that loses it compares it to steem price and gives it to the on a several day average. unless btc tanks massive in the thousands of dollars it shouldn't be much of a loss. The announcement would also bring users back because they would need to do the conversions. Which would increase community activity.
As you can see in the past days, the price of SBD reaches 42$. So many who have their money on hitBTC exchanges to btc and then they convert it back to SBD. Which means they make thousands of dollars and still holding the same amount of SBD. One more thing in the last december SBD was at 15$ so if they exchange their SBD now for steem and don't wait for dec they'll have to bear losses. Am I Correct??
They would take the losses regardless, the asset is supposed to be around 1 dollar. What is happening on hitbtc is market manipulation, there is no way sbd should be that high. Its fun to have fun pumps but every pump someone ends up a loser when the price comes down. Its clearly a pump and dump.
Agreed! Now we've to work on it. But first, there are many exchanging sites where steem is not available if we need to make steem more popular we've to work on it.
The November/Dec run up on Upbit was also a clear pump and dump.
The idea of making more prominent is great. But first, we need to make steem available at all exchanges.
Yeah it needs to be listed on more for sure. But steem is on more than a few exchanges. https://www.worldcoinindex.com/coin/steem