You are viewing a single comment's thread from:
RE: Lower debt ratio with conversion of SBD?
Hi @moecki
I wonder about the value of SBD. I was always in the understanding it remained 1$ (old info somehow saved in my head) but I noticed as I asked Bitvavo to add new assets not only Steem but also SBD is mentioned. I clicked both options After reading you I wonder what happens with the value of my bought SBD in the case I can buy it at Bitvavo. In your scenario, to keep the printing possible I will lose a high percentage of my investment or do I understand it wrong?
BTW Bitvavo is silent.
Die Blockchain setzt den Wert des SBD immer mit $1 an. Auf den Märkten sieht das natürlich anders aus.
Like any coin on the stock exchange, their value can fluctuate or even lose value completely. You need to know that. If you have bought SBD on the exchange or the internal market and could only sell it there at a loss (because the price is too low), you can always convert the SBD into STEEM via the blockchain.
No, we don't want to ensure that SBDs are printed again at all costs. I just wanted to show - and record - what happens when converting to STEEM. This method was also very rarely used in the past. Only since December 2024 have higher transactions been recognisable.
The price is essentially determined by the market. Unfortunately, the market is also very limited due to the trading restrictions. For this reason, we cannot currently assume a healthy market, meaning that all activities at the moment are rather exceptional.
0.00 SBD,
2.92 STEEM,
2.92 SP
Thanks for your reply and explaining. Any idea how much SBD was stolen last year? I also like to know why SBD is not protected unlike the savings and SP. Any idea?
0.00 SBD,
0.00 STEEM,
0.58 SP
No, this can't be read from the blockchain data. It is only transferred from one account to another. The data doesn't show whether the recipient is a fraudster.
Firstly, the coins are protected by keeping the keys secret. If nobody but the owner knows the keys, the coins cannot be transferred.
SBDs are similar to STEEMs. The owner can keep them liquid or transfer them to the savings (SBD and STEEM). What would be the alternative to liquid SBD/STEEM? A transfer that takes a day or even longer? Every system architecture has to find a compromise between security and usability. I think there are already a few more securities on the Steem than on other chains (recovery).