Thank you @lukestokes ....I wish this info was available 3 weeks ago. (In an easier to access and understand format)
I tried it two weeks ago...converting some Litecoin, I had been holding, into Steem Power.
Now...with SBD ON EXTERNAL MARKET AT $0.58 and Steem at $0.23. Each SBD should have given 4.34 STEEM(so I thought). IT only gave 2.52 Steem for each SBD....As if each SBD was $0.58.
So the LOOPHOLE has been closed, or closes during periods of debt ratio increase.
Interesting that, when the debt ratio is less than 10%, and the price of SBD IS BELOW $1, you can effictively 'game the system' through an internal / external arbitrage and potentially create a huge ROI from a few mouse clicks and a 3.5 day siesta! Rinse and repeat.
Thank you kindly! Hope you are all having a great Holiday week!!!