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RE: Prompt of the day “Saving” - Burn It, Burn It Now!
Well I agreed with your point that converting and into Steem will be very harmful for Steem only. As I think sbd is a bit strong currency and it will recovered in the way you said. But when it's come for Steem to recover it's very difficult. So while converting and into Steem we are harming more to Steem only :( .
I remember that As last year in the month of December sbd is far ahead from steem which means too that Steem is quite a weak currency than sbd. So it should get stopped as soon as possible
The strength of SBD is a bit of a misnomer as it is meant to be pegged at $1 USD which means when Steem is above $1 you will receive less Steem for your SBD but that does not actually mean SBD is worth more. As SBD is essentially a loan of Steem we must consider that SBD really only takes away from the valuation of Steem itself as we are holding a debt and hoping to make profit from it.
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Thanks for the brief explanation, really I don't know much about it and you helped me to understand. Really dtube community is great and everyone proves to be a helping hand for each other :)
Yea we are trying to be a resource for need to know information!
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