, but the earliest I could see this working is a $10B marketcap and we would likely need higher. We're currently hovering around $1B.
Converting would make steem higher but cutting back supply of steem. Assuming Sbd is 5pct of supply of steem, Steem would go up 20 pct if the supply was increase by 8. I’d take that trade. Most people have way more tied up in steem ham steem dollars.