SBD Potato Day 12: Potatoes come in many shapes and sizes!

over 4 years ago

pixabay image

Vote for this post to help fix the Steem Dollar Peg!

Incase 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): 0.628USD

Current Debt Ratio: 17.13%

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

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.

VOTE @SBDPOTATO TO BRING BACK BALANCE TO THE FORCE!

sbdpotato steem sbd palnet likwid steempeak neoxian steemleo sct-en

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21 comments

@joe.public -9

over 4 years ago (Edited)

I vote your post but.......

I feel reasonably confident that YOU know better than just about anyone that SBD were never pegged to the USD !!!!!

The deal was that 1 SBD could be exchanged for 1 USA $ worth of Steem.
A lot different than being pegged to the US dollar, is is not? It kind was but not really.

I would really appreciate understanding why SBD were killed. In terms of giving people good reasons to engage by Posting or making comments so they can earn SBD they were a winner. So killing them must have had a negative influence?
Especially as they were trading on the open markets for way way more than 1 US Dollar! The ability to earn SBD was a huge draw for new users.

Only a few people will read this otherwise I would not ask so publicly

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@kyawnaungsoe 43

over 4 years ago

Thanks infomations.

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@farihakhan 43

over 4 years ago

Good writing

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@coinchaos 63

over 4 years ago

So how do you not "derive any monetary value" from this?

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@smooth 73

over 4 years ago

He already said on one the earlier posts that the rewards will be used for some community purpose such as being burned, donated to DAO, donated to a charity, etc.

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@coinchaos 63

over 4 years ago

lol ok so just trust him right?

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@smooth 73

over 4 years ago (Edited)

Trust him or don't, it is your choice.

From what I've seen in a few years that he's been here we don't have a lot to worry about when it comes to the few hundred dollars at stake at this point. Perhaps in the future it could become a real concern but not now.

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@thecryptodrive 70

over 4 years ago

Thanks for vouching for me @smooth, I have been custodian of even 28K USD for billboards and I followed through and spent the funds accordingly. My reputation and honour means more to me than obtaining funds in an ill-gotten way.

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