SBD Potato Day 14: What came first, the Chicken or the Egg? Maybe it was the Potato!

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Vote for this post to help fix the Steem Dollar Peg!

Incase you missed it; here is THE LINK to the intro post about @sbdpotato.

TlDr, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!

Today's SBD Price (Spot): 0.783USD

Current Debt Ratio: 15.76%

Target Debt Ratio: 9.90%

What do you get out of supporting @sbdpotato?

Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.

In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.

You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.

Conclusion and Disclaimer

As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.

I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.


If you would like to have your banner featured on the daily posts, simply upload your banner in our comments sectiona and pledge to vote for @sbdpotato daily and/or include @sbdpotato as beneficiary of your own posts!



Comments 8

First was the potato, then the egg, and of course the chicken in the end!

29.11.2019 11:14

I can't argue with that logic, seems sound. :)

30.11.2019 00:14


29.11.2019 20:13

Your post has been great. I liked the post very well. Post this way I am on your side. I hope you will be by my side.

30.11.2019 09:18

At first, I though this post was about actual food XD

Great post by the way, and best of luck with the project. I hope it does well, soon to be fine tuned and sharpened like this potato:


30.11.2019 10:59

30.11.2019 16:09

Thanks for the post.

03.12.2019 00:02

This post earned a total payout of 27.476$ and 20.659$ worth of author reward which was liquified using @likwid. To learn more.

06.12.2019 06:57