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RE: SBD Potato: Peg Repair Community Initiative

in #steem5 years ago

Also reverse conversions are only useful when SBD is above $1. We need a solution when it is below $1, I have proposed perhaps changing the debt ratio haircut threshold to like 15% or 20% so that people can start converting en masse without fear of haircut to help the peg, can change it back later.

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Hi @thecryptodrive
The thoughts are very good

we join, my team in norway and i stand with 100% vote

Regards @xpilar

Hi @xpilar

What do you think about sbdpotato now? 3 months later? I'm just learning about this project and I would like to hear your opinion.

Cheers, Piotr

Hi @crypto.piotr

So far, it has had a positive impact on the SBD price and the debt ratio is decreasing. The project is now funded and the last post from @sbdpotato was 5 days ago so for now our upvote is not used and the post that appeared on the trending will not be a problem.
I suggest you read this link, here are many answers that allow us to better understand this with the SBD award

https://steemit.com/sbdpotato/@thecryptodrive/no-brainer-sbd-potato-top-up-proposal

Thank you @xpillar, together we can fix SBD!

yes @thecryptodrive,
and those who are smart will now also invest in SBD again 👍🙂

Haha yes, good opportunity to earn 30% on your money in maybe a less than a year.

This is true, though I would argue that Reverse Conversions might prevent this problem from recurring during the next pump. To me this does look like a bit of a band-aid solution and does not address the core issue.

@smooth basically answered this perfectly, no need for me to reply further.