What do you do with your SBDs?

Asked by enforcer48 Promote - View in Hive.blog - Audit

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.

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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
3.45% Complete (success)
Other (please specify) (3.45%) 1 / 29
3.45% Complete (success)

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