You are losing STEEM by doing SBD to STEEM Conversion
Steem Dollar conversion to STEEM uses a currently incorrect assumption
The assumption that the conversion process makes is that 1 Steem Backed Dollar (SBD) is equal to $1.00. At the time of this post one SBD is equal to $2.23 which means that by doing conversion you will be missing out on $1.23 worth of STEEM for EVERY SBD converted. You are far better off using the Steemit Internal Market to trade your SBD for STEEM at the current market rate. This will remain true until the SBD price is less than $1.03.
Public Service Account
This account will be sending out notifications to users who are converting SBD instead of using the internal market as a Public Service Announcement.
I've been doing that a lot. It's boosted my steem nicely. I had to coach one friend on his to do it. She was nervous. I also did a tutorial video a while back
I believe some people may be quite scared to do the trade on the market, so they don't do it and instead use the convert function.
It's not that hard and you can always test with a small amount. It's definitely worth it
I agree - have been doing it since I discovered the market, and I have not turned back since!
This Is great to know, thanks
TIL
Thank you.