This is a good change, although fortunately most Steemians were smart enough not to use the SBD conversion anymore over the last few days. See my chart:
Wow I had no idea there were so many conversions in the past. Nonetheless, conversions were fine as long as SBD is hovering around the pegged $1 USD value. It's even advantageous to convert when SBD is below $1. I still prefer to exchange currencies myself, whenever I want to, without being locked in a 3.5 days time frame.
What do you mean by that? You still get $10+ for each SBD at the internal market. It was a bit higher a few days ago, but it's still much higher than it used to.
Correct. Although access to the conversion function was removed from the UI, the function itself remains in the system. So, those already in conversion will go through it.
It was originally a typo when someone meant to say "Hold bitcoin" and they accidentally said "Hodl bitcoin" people thought it was funny and have been saying it ever since to say that they are holding for the long term.
This is a good change, although fortunately most Steemians were smart enough not to use the SBD conversion anymore over the last few days. See my chart:
Source: https://steemit.com/steemit/@penguinpablo/daily-steem-stats-report-is-this-the-result-of-the-overvalued-sbd
Great to know
Wow I had no idea there were so many conversions in the past. Nonetheless, conversions were fine as long as SBD is hovering around the pegged $1 USD value. It's even advantageous to convert when SBD is below $1. I still prefer to exchange currencies myself, whenever I want to, without being locked in a 3.5 days time frame.
This should help folks be protected from inadvertent losses due to misunderstanding.
Kudos to the devs for doing it, and thanks for letting us know!
I definitely missed that boat. Lol
What do you mean by that? You still get $10+ for each SBD at the internal market. It was a bit higher a few days ago, but it's still much higher than it used to.
Yay! (Little things like this make me happy :)
trippy.
Ah when did this happen? Just had a friend accidentally do that a few hrs ago
The code modification was done a few hours ago. The change is already in effect.
Got it, but all in transition still gonna go thru as it was?
Correct. Although access to the conversion function was removed from the UI, the function itself remains in the system. So, those already in conversion will go through it.
thank you for this info
100% UP VOTE
@drakos Thank you :)
I hope you'll know what to do with those precious SBD 🤑
one word...HODL <3
I see that word coming up alot. What does HODL mean? (Sorry if this is a stupid question)
@ammonite great question, I just learn this too. HODL means hold on for dear life :) Best wishes to you.
Thank you @splendorhub
It was originally a typo when someone meant to say "Hold bitcoin" and they accidentally said "Hodl bitcoin" people thought it was funny and have been saying it ever since to say that they are holding for the long term.
you should sell your SBD because the price will eventually come back down to $1 (that's how they were designed)
Yey, I din't know that. That's a great move by the team
Hopefully, I have saved a few SBD by not converting directly :)