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RE: HELP!!! Need to solve a Steemit SBD conversion mystery.
Conversion is done under assumption SBD is worth 1 USD, while Steem is worth more that 1 USD, that is why you got less Steem that you sold SBD.
Don't convert, sell on internal market.
To be honest, if that's the case, then that's an insanely big flaw in the system. And you have to wait 3.5 days... I don't even know why that option exists, it seems like an additional option to make a mistake and nothing more.
Also, what would happen if whales would push the SBD price down to nothing. Let's mention an extreme, for example $0.01(if they can push it up to cost $18, then a fraction of a dollar is possible too). If that's the logic, then it would be possible, difficult but possible, to continuously convert 100 SBD to STEEM for the price of 1 SBD? I know this is a near-impossible scenario but SBD was below $1(~$0.85-$0.90) for quite a long time.
Many are saying this, and I believe you, but where is this explicitly documented as being the official protocol?