You know what grinds my gears? Steem Backed Dollars. Why, you might ask? Well, it is a personal thing.
I find it a nuisance. An extra currency that dilutes the value of my Steem tokens. Don't get me wrong, I understand there are uses for them. Businesses most likely run better with a pegged
asset even though SBD is not always at $1.00.
Trust me, I am not the only one who's had negative thoughts about SBDs. Remember @sircork? Yeah, he was not a fan of it either. That's story for another time, though.
So, what do I do? Nope, I am too cheap to burn them via @null, so I convert
them to Steem. A conversion removes the SBD from the system and put Steem in their place. It is a slower, but also profitable strategy like trading. Ask some of the bigger traders like @smooth about it, they know better.
Of course, conversion
takes 3.5 days to complete and you are at risk for price fluctuations. For me, it is not an issue. I sometimes keep a small amount around as pocket change. For the most part, I want my SBD balance disappear because I am weird.
What do you do with your SBDs?
Poll is open for a month and you may choose more than one options.
Use them just like Steem
Trade them into Steem or other currencies
Convert them into Steem
Burn them at @null
HODL for future pumps
Other (please specify)
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Convert them into Steem
(41.38%)
12
/ 29
41.38% Complete (success)
Trade them into Steem or other currencies
(31.03%)
9
/ 29
31.03% Complete (success)
Use them just like Steem
(20.69%)
6
/ 29
20.69% Complete (success)
HODL for future pumps
(3.45%)
1
/ 29
Other (please specify)
(3.45%)
1
/ 29