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RE: Daily Discussion No. 6: What is UP with SBD? And is This Going to Last?
I agree... it's the wrong currency that went for a joy ride... and I find myself wondering if STINC will take action to have SBD delisted externally... in other words, the only way to cash in your SBD would be to use our internal market to change to Steem, which you then could sell on exchanges worldwide.
Of course, the $12.50 exchange rate isn't costing us anything... the cost is being borne by external investors who've decided what the "right" price is. Will those investors bail when they discover they are basically underwriting a bunch of bloggers? Time will tell.