SBD Potato Day 32: Make SBD $1.00 Again!
Conversion Report
Today 120.432 SBD was converted!
Individual conversions in progress can be searched here: https://steemdb.com/labs/conversions
Total conversions in progress can be seen at: https://steemitwallet.com/@sbdpotato
Vote for this post to help fix the Steem Dollar Peg!
In case you missed it; here is THE LINK to the intro post about @sbdpotato.
TLDR, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!
Today's SBD Price (Spot): 0.597 USD
Current Debt Ratio: 15.61%
Target Debt Ratio: 9.90%
What do you get out of supporting @sbdpotato?
Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.
In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.
You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.
Conclusion and Disclaimer
All images used a royalty-free, courtesy of pixabay.com.
As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.
I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.
Sponsors
If you would like to have your banner featured on the daily posts, simply upload your banner in our comments sectiona and pledge to vote for @sbdpotato daily and/or include @sbdpotato as a beneficiary of your own posts!
Additional comment #1
Additional Comment #2
I never knew SBD was trying to peg 1:1 to USD like a stablecoin. When I first joined Steemit SBD was $13 USD. Those were the days.
Yeah I agree, and in those days everyone was worried that it was overvalued and wanted to bring it back down :P
What a great problem to have 🙃
Hi @thecryptodrive - do you have any automated system for the conversion?:)
Nope all manual for now, maybe we can chat in the new year and see what can be done. Bit crazy now during the festive season.
Let me know where I can find you on discord ;)
https://discord.buildteam.io username thecryptodrive#8144
I think the bank.sbd bot is glitched, sbd not returned yet.
Yeah, vps crashed, already refunded.
I see SBD conversion option but can it sell STEEM automatically? https://steemit.com/sbd/@howo/steem-reward-manager-update-power-down-fixes-and-convert-sbd-option
He baselessly claims it is a "ponzi scheme" which just shows that either he doesn't understand how it works or (more likely) he just doesn't understand what a ponzi scheme even is! And the blatant hypocrisy in him trying to fight "vote selling" when that is exactly what he did with his bidbot! As as bidbot owner with over a dozen alt accounts he is in no place to judge what is right or wrong here on Steem. Now he is mad that his scam has ended. So like an upset child, he has decided to take out his anger (caused only by his own failures) on other innocent people. Making him nothing more than a big bully!
MK admits to running a bidbot
Actual account who was "wrecked by @mmmmkkkk311 (for holding sbi shares)"
I am here to counter @mmmmkkkk311's bullying. I will upvote every post/comment that he downvotes. You can support my anti bullying upvotes by delegating (links below) Steem Power to @ilovemk311. And you can help keep this message visible by upvoting this comment or by purchasing SBI shares for @mk311isabully which will help to counter the downvotes that @mmmmkkkk311 will surely send my way. Which I highly encourage him to do as the more downvoting power he wastes on me the less he can use to downvote the real content creators here on Steem that would otherwise become his victims!
Choose a delegation amount
5 | 10 | 20 | 50 | 100 | 500 | 1000
With this jerk bullying innocent people we are seeing many great content creators leave due to the drama and negativity that @mmmmkkkk311's downvote campaign brings to the blockchain. While he claims he is trying to defend his investment he is actually unwittingly destroying it.
SBI is an initiative that has done nothing but help promote onboarding and community building here on the Steem blockchain. Let us not turn our back on it out of fear for getting downvoted. Instead lets stand up for this great initiative that has helped so many people and helped the Steem community to grow and thrive!
Needs bot/script to do that :)
Can anyone here explain what SBD is
Posted using Partiko Android
Steem Backed Dollar, basically SBD's are a wrapper for an equal value of Steem giving it it's value, that's the best I can explain it, check out the whitepaper.
This post earned a total payout of 40.163$ and 30.198$ worth of author reward which was liquified using @likwid. To learn more.
Additional comment #4
Posted using Partiko iOS
xD
Sneaky :)
💓