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RE: Ausbitbank Witness Update 17/7/17 (SBD interest changed to 1%)

in #witness7 years ago (edited)

Perfect mate as usual. You're doing a tremendous job for all of us. I would like to advise all Steemians to evaluate the price of SBD before trading it in the free market. One reason the price has fallen below the peg is in my opinion the ignorance that exists among new Steemians when it comes to alternatives to the free market, such as converting SBD to STEEM through the built-in function which takes 3.5 days but will treat each SBD like 1 USD, and/or choosing to power up 100% rather than 50/50 which will essentially do the same thing as convert but with your future SBDs.

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Thanks mate - good point too not enough realise this ^^