SBD Potato Day 50: NEW Conversion Tracking API & DAO Proposal



sbdpotato thumb.jpg

Conversion Tracking API

Thanks to the talented developer @stoodkev, we now have an API to track current SBD in conversion as well as total conversions since inception. These values will be included in the Conversion Report of each post. So far, as of this post number 50 @sbdpotao has converted nearly 9000 SBD!!

Support the DAO Proposal

Help fix the peg faster and vote for our proposal:
https://goldvoice.club/steem/@thecryptodrive/no-brainer-sbd-potato-top-up-proposal

Conversion Report

Now automated at 10-minute intervals, if there is STEEM present in the account the bot will sell it on the internal market for SBD at a max rate of 300 STEEM per cron interval, this rate can be adjusted in Config Vars.

Thereafter, all available SBD is placed into conversion automatically.

The code repository can be seen on this Github link.

If you would like to see the code in action, donate STEEM directly to @sbdpotato and watch the bot do its thing on https://steemd.com/@sbdpotato.

Feel free to follow the conversion progress via the links below:

Conversions in progress (API): 1,634.297 SBD
Total conversions since inception (API): 8,959.615 SBD

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

In case 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): 0.583 USD

Current Debt Ratio: 15.97%

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

All images used a royalty-free, courtesy of pixabay.com.

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.

When the @sbdpotato funds are no longer required to support the peg, they will be sent to @steem.dao where the community can then decide what they should be used for.

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.

Sponsors

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

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Project owner @thecryptodrive, consider voting for his witness via this link!



Market buy and conversion automation code provided by @stoodkev, consider voting for his witness via this link!


SteemSQL access sponsored by @arcange, consider voting for his witness via this link!



# VOTE @SBDPOTATO TO BRING BACK BALANCE TO THE FORCE!


Comments 70


Additional Vote #1

06.01.2020 06:21
30

This post earned a total payout of 7.378$ and 5.547$ worth of author reward which was liquified using @likwid. To learn more.

13.01.2020 06:23
0

Additional Vote #2

06.01.2020 06:21
27

This post earned a total payout of 3.199$ and 2.405$ worth of author reward which was liquified using @likwid. To learn more.

13.01.2020 06:23
0

Additional Vote #3

06.01.2020 06:22
27

This post earned a total payout of 7.347$ and 5.524$ worth of author reward which was liquified using @likwid. To learn more.

13.01.2020 06:24
0

According to the Bible, What is the proper way of teaching children about the Church??



Comment what you understand of our Youtube Video to receive our full votes. We have 30,000 #SteemPower. It's our little way to Thank you, our beloved friend.

Check our Discord Chat
Follow my Steemit account on https://www.steemit.com/@hiroyamagishi

06.01.2020 06:27
1

It's a good concept to fix the peg but I do have an objection to seeing them taking over the trending page for outsiders to see. Would there be a way to split them down into smaller posts to keep it off the trending page? Just something to think about as i don't think it's a good look.

06.01.2020 11:17
7

Agreed.

06.01.2020 15:59
1

We'll I want to see you all flag them!!

06.01.2020 19:47
3

Too late, I did already Mr. Irredeemable!

06.01.2020 20:01
1

Yeah but you didn't flag them?? Why? Or did u and i missed it?

06.01.2020 19:48
3

This is a good suggestion. I vote late to reduce the trending effect, but I'm also going to start voting for the comments instead of the main post.

That said, as with @burnpost, Trending is the symptom, not the cause. Stakeholders are voting for these because they believe they are a better use of reward funds than much of the mediocre to crappy content. Sure there is some content that is really compelling and regularly lands above potato or burnpost on Trending, but not that much. What we really need is more of it, to attract more votes and therefore push these down, not blaming the messenger because you don't like the message.

07.01.2020 07:14
1

Stakeholders are voting for these because they believe they are a better use of reward funds than much of the mediocre to crappy content.

Sure. I'm with people using their stake in any way that doesn't hurt the system. While the project itself is good for STEEM the visuals aren't and as any major company will tell you, it's all about the visuals. It all about the perception of what you are doing regardless of it being right or wrong.

I'm glad that a few people are taking a look at it and hopefully there is a better way to achieve the same outcome. Even the comments section is a good way to spread the votes and keep the main post at a reasonable level.

07.01.2020 10:54
0

Hey niallon11, I have listened to your concerns check the latest @sbdpotato post for feedback.

07.01.2020 07:19
0

Thanks @thecryptodrive. Good to see you looking into what is happening and seeing if there is a better way to achieve the desired result. Appreciate the feedback.

07.01.2020 10:55
0

06.01.2020 13:32
0

SBD now .59

06.01.2020 14:45
0

No it isn't. The price on coinmarketcap and some other sites is distorted by upbit, which has a broken wallet. People are willing to sell SBD on Upbit for a lower price because it is the only way to get their money out of the exchange.

If you look at an exchange with a working wallet like Bittrex or the internal market on Steem it is about 65c, which is in line with where it has been for most of the last month.

@sbdpotato is ramping up so the effect should accelerate over time. If the SPS proposal is approved then it will likely work a lot faster.

07.01.2020 07:08
0

We’re done with you and this bit! Quit this bs potatoe sbd thing! Let the market save sbd if ut wants! This little burning doesn’t do anything but clutter the blockchain and feed! Please stop! We all had to get rid if our bots, maybe @themarkymark will flag this crap for us! Time to go potatoe! You can’t even do random potatoes for your post?? why!??? I will put you in my flag voter so i don’t have to think. Today when i get home!!

06.01.2020 14:07
3

how did you earn this money guys :)

06.01.2020 15:06
0

guys. your spam looks terrible on the trending page

06.01.2020 16:31
2

Flag them then! Every flag count!

06.01.2020 20:05
3

done. but I need to wait for regeneration

06.01.2020 20:19
1

I was setting beneficiary for some of my posts to this project, but can no longer in good conscience do so as long as these posts are clogging up the trending page.

For the most part, the usual suspects with large votes are voting these. They could apply their large votes to the "Additional Vote" comments and forgo the main post. Let the people with small stake vote the main post if they want to, but if it goes above say $10 I'm downvoting from here on in.

No offense. It's nothing personal, and I don't mind the concept, but I'd be a hypocrite to preach about organic curation, content discovery, and watch shit like this float to the top. It doesn't matter how broken the SBD peg is if the core tenets of this platform or shit on by good intentions.

06.01.2020 19:23
9

SBD just needs to be gone by this point.

06.01.2020 19:26
4

No it does not. SBD is a critical tool.

06.01.2020 21:21
0

sbd is a burden - it should be changed to be kinda like DAI and MAKER

06.01.2020 21:37
0

only a burden when it needs to be.

06.01.2020 21:52
0

what

06.01.2020 22:01
0

Changing the mechanism is possible in a future update/hard fork, but for now we're kind of stuck with it as-is from a practical point of view (development resources, schedule, etc.)

The effort here to somewhat improve the function using a second layer approach is helpful. Not ideal necessarily, but better than nothing for now.

07.01.2020 07:02
0

thanks for your opinion

it seems to me like eveything is based upon sbd
shouldnt we fix it as fast as possible?

07.01.2020 07:26
0

Opinions certainly differ on priorities (not everyone thinks SBD is that important; some do, some don't), but the reality is that there are limited development resources and the SMT work is just about done, so the focus is on getting that finalized and deployed rather than jumping around from one priority to another and never finishing or deploying anything.

07.01.2020 07:44
0

I understand

looking forward to SMT

07.01.2020 15:06
0

Critical tool my ass.

07.01.2020 05:25
0

I think I saw that written under your name at a truck stop!

07.01.2020 05:30
0

a critical tool for what exactly, if you don't mind the question.

08.01.2020 12:56
0

A critical tool
For what exactly, if you
Don't mind the question.

                 - ash


I'm a bot. I detect haiku.

08.01.2020 12:56
0

lol you triggered the haikubot. It is a critical tool, but I am not going to say what. You have to figure it out.

08.01.2020 13:47
0

good conscience? lol

06.01.2020 21:22
0

If you have an accusation, make it. Otherwise return to beneath the bridge where you belong.

This is a long time to stay butthurt over a downvote.
Screen Shot 20200106 at 1.40.37 PM.png
3kyt76.jpg

06.01.2020 21:39
0

lol keep developing that good conscience.

06.01.2020 21:49
0

I feel nothing but pity for you, so I'd say I'm off to a good start!

06.01.2020 22:00
0

lol

06.01.2020 22:38
0

Hey @joshman, I have listened to your concerns check the latest @sbdpotato post for feedback.

07.01.2020 07:17
0

I agree with those who say this looks bad on trending. See my latest post for my thoughts. Find a better way.

06.01.2020 21:28
2

Hey @steevc I have listened to your concerns check the latest @sbdpotato post for feedback.

07.01.2020 07:20
0

Cheers. I still wonder if there could be better ways to achieve the same goals. Some of the whales could convert a lot more SBD without these posts.

What do you think about using the prominence of the potato posts to promote other content? There's an opportunity to make Steem look better.

07.01.2020 08:46
0

The problem is it would be very time consuming to promote posts manually I’m doing this all pro bono at the moment. The best is if the community votes the dao proposal that’s the easier way.

07.01.2020 09:01
0

@thecryptodrive maybe you can take a look at the comments here and let us know what you think?

06.01.2020 22:52
1

Here is an idea... Why these whales voting this bullshit don't go to the market and buy sbd with their stake to drive the price up?

It would be way more effective.

07.01.2020 00:24
1

It's much easier to spend the pool than your own personal stash!

07.01.2020 00:50
0

Check my other comments... With only 65k STEEM you push the price of sbd to 1 usd

07.01.2020 01:12
0

Very temporarily, then it goes right back down. That's not the idea.

07.01.2020 07:03
0

So it is this experiment.

You can't beat the market. The price will go the direction the demand happen.

This "experiment" is useless.

07.01.2020 12:08
0

And it is likewise easier to tell someone else to spend their money than to spend your own.

Using reward pool funds is the most logical approach since helping the SBD peg and stable coin work better is mostly a public good.

Also, the funds being accumulated by @sbdpotato will be sent to the Steem DAO once the peg is restored, so that's essentially a refund to Steem.

07.01.2020 07:11
1

And it is likewise easier to tell someone else to spend their money than to spend your own.

Well put @smooth :)

07.01.2020 07:21
0

I agree, it's not realistic to expect individuals to support the price of any coin, let alone a 'stable' one.

07.01.2020 13:58
0

Hey, check this out... You only need around 1.02 BTC to get the SBD price to reach 1 USD on bittrex.

xfm9wh1hse.png

Come one... Don't tell me all you whales behind this can't afford 65k STEEM...

28fuh6p66f.png

It's way easier than making this useless posts again and again...

07.01.2020 00:48
1

That will cause a brief spike and then the price will go right back down. Worse, you will be paying a higher price for most of the SBD you are buying (slippage), meaning you end up buying fewer for the same budget.

This is not a good approach.

07.01.2020 07:05
0

Doesn't matter. It's the same thing this potato thing is doing.

It's still a pump and dump except it's over a longer time.

Also not sustainable.

07.01.2020 12:10
0

Steem Trending.jpg

07.01.2020 02:04
3

image.png

07.01.2020 02:11
2

That was pretty funny, I have listened to your concerns check the latest @sbdpotato post for feedback.

07.01.2020 07:19
0

Good one enjar, I have listened to your concerns check the latest @sbdpotato post for feedback.

07.01.2020 07:18
0

Love the api :)

07.01.2020 02:43
0

Thanks for the post.

10.01.2020 00:13
0

This post earned a total payout of 29.909$ and 22.488$ worth of author reward which was liquified using @likwid. To learn more.

13.01.2020 06:21
0