Tx 455c1e8b1048cc0b99ee5fad848a1e28c08d639b@12168533

Included in block 12,168,533 at 2017-05-23 02:43:30 (UTC)


Raw transaction

ref_block_num44,371
ref_block_prefix3,206,683,287
expiration2017-05-23 02:43:39
operations
0.
0.comment
1.
parent_authorclayop
parent_permlinkre-timcliff-re-clayop-re-timcliff-re-clayop-re-timcliff-saving-sbd-proposal-to-restore-the-usd1-usd-usd1-sbd-peg-20170523t004854707z
authorsmooth
permlinkre-clayop-re-timcliff-re-clayop-re-timcliff-re-clayop-re-timcliff-saving-sbd-proposal-to-restore-the-usd1-usd-usd1-sbd-peg-20170523t024325100z
title""
body"I mostly agree with you but I don't think the proposal adds significant complexity. We already have conversions in one direction, it is actually a bit more complex to explain why it can only be done in that one direction and not the other (I have been asked this multiple times).
> I am strongly against feed premium since it harms the community members when they convert SBD.
I agree that harming community members is bad. The problems is that the _high SBD value_ harms community members when they convert, and by not addressing it we are contributing to this harm by inaction. At least two community members converted $200 worth of SBD today alone, each is losing about $100 in the process. The faster we can reduce the high price of SBD, the faster we can stop this from happening. It has been going on for several weeks and community members have been hurt doing this almost every single day! (Thankfully it is now less than before due to education, but that isn't perfect.)
> losing perks for authors
I think we can get much the same benefit without the disadvantages by shifting demand to STEEM and raising the STEEM price. This also reduces the debt concern (maybe not on net, it is hard to say)."
json_metadata{"tags":["sbd"],"app":"steemit/0.1"}
extensions[]
signatures
0.1f5d201f8cedb9bf287d41f22a1b2378679caef5e6b517c4210478cb2851e1f8ef5b846a2871e03908bbcb82808be25e9f3b8fe9f4ffaf59b60a319550e78a4902
transaction_id455c1e8b1048cc0b99ee5fad848a1e28c08d639b
block_num12,168,533
transaction_num1