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RE: Steem experiment: Burn post #156
Good point, that language could be improved. Anyway, you are right it won't be selling STEEM.
There is a new update on my main blog describing the procedure that will be followed when SBD is at or below $1.
"5. Incoming STEEM will be powered up if SBD is trading above 1 USD and burned (sent to @null) if SBD is trading at or below 1 USD".