One of the opportunities I look out for on the blockchain is to convert SBD to STEEM at the perfect moment.
With converting I don't mean the internal market that looks like this:
But the actual convert function that is build into the blockchain.
In general you only want to do this when SBD is below a dollar.
Access to this function is currently turned off on steemit.com because too many people made mistakes and lost a lot of money when SBD was high.
Example: Let's say SBD is worth $3 and you convert this to $1 worth of STEEM you basically lose $2.
But it's still possible to do it with a tool made by user :
This function will turn an SBD into $1 worth of STEEM over 3,5 days.
I tested it 3,5 days ago on a test account and it worked fine but make sure you know what you are doing before attempting this.
Now why would you want to convert instead of using the internal market?
When the price of SBD stays under a $1 for a while you simply get a better deal.
Example: Let's say SBD is worth $0,95 and you convert this to $1 worth of STEEM you basically earn an extra $0,05 of STEEM compared to the internal markets
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