RE: Buying SBD with fiat a good idea? by joele

Viewing a response to: @exyle/buying-sbd-with-fiat-a-good-idea

life · @joele · Aug 14 '18

$0.18

The SBD is now less $1, and the convert SBD to Steem is already removed in the wallet, how do we convert the SBD that peg $1 to steem?

👍 joele, mattockfs

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@exyle · Aug 14 '18

$0.21

I'm currently running a test with [this tool](https://mwfiae.github.io/SbdConverter/) on my test account.  Convert has started since yesterday. Know more in 2,5 days but I'm sure it's fine because I can see it in the blockchain. 

Here is the original post: https://steemit.com/utopian-io/@mwfiae/new-project-sbd-converter

Hope you are willing to support my witness group @blockbrothers with a witness vote.

👍 joele, mattockfs

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@demotruk · Aug 14 '18 (edited)

$0.08

You can also use CLI-wallet for those concerned about the security of their Active Key.

The command is convert_sbd username "1.000 SBD" true.

I put some conversions through when it dipped down to $0.95 today.

👍 exyle, mattockfs

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@mwfiae · Aug 14 '18

You can also check the sourcecode or trust @therealwolf about it. He does promote my tool sometimes  and he is a well known witness and owner/maker of smartsteem :) 
So probably the best sign of trust I can get :)

👍 lordofreward

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@therealwolf · Aug 14 '18

The biggest security concern is prob the RPC node in terms of your program, which is the same concern as with the CLI :)

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1 reply

@mattockfs · Aug 14 '18

It's surprising how little *convert* is [currently being used](https://steemit.com/sbd/@pibara/why-isn-t-convert-being-used-more-right-now-should-it-be-added-back-to-the-steemit-web-interface).  Think they need to add it back to the interface ASAP or risk the whole pegging mechanism from collapsing due to the silly mistake of having *convert* removed from the user interface.

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@mwfiae · Aug 14 '18

$0.03

To be honest as long as a few people know about it, the pegging will work. :) 
But yeah it is an advantage for the more techy/experiemced people, that's why I made the tool mentioned above :)

👍 dustsweeper, mattockfs, pibarabot, lordofreward

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