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RE: STEEM DOLLAR Becomes Redundant as Haircut Hits 38%
Thanks for the post, I never was in the loop on SBD being pegged to Steem instead of USD. Used to be they approximated the price of Steem / USD and this was the conversion mechanism for SBD into Steem.
And what happened to the conversion thing? I don't see it available on the wallet anymore.
Steemit disabled it in the UI when the SBD pump started in Nov-17. It seems they aren't interested in re-enabling it and the attitude appears to be that the feature is for "advanced users" only.
You can still do it via SteemConnect or SteemWorld.