create account

Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good by littlenewthings

View this thread on: hive.blogpeakd.comecency.com
· @littlenewthings · (edited)
$4.06
Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good
hi everyone!
I really must make it a point to post at least one post a day. haha..

Last night before I head to bed, I had a friend recommended an interesting read that caught my attention, the @null account.
During my enrollment in June into Steemit I actually noticed the "promoted" section and the "promote" button, but I also read somewhere that it was not working properly so I have totally ignored it.

### Until last night

As we all know (and fall short of it haha), _curiosity_ is always in a human, heck, even the animals are curious by nature.

So I read through a bunch of articles, trying to figure out what it means, and also with @ana-maria 's excellent explanation of inflation and deflation on in fiat currency as an example. I kind of understand a little.

## @Null burns your Steem Dollars , while you promote your post

But I also noticed something, which I am not very certain (I might test it again for this post whether it is correct) that when you promote a post you just _upped_ the post's value.

And I also know that @gtpjfoodbank 's latest post is on power up, so I wanted to **kill 2 birds with 1 stone** and see if that works.

# <center>By Converting SBD to SP without the exchange hassle</center>
<center>![SBD-to-SP.png](https://steemitimages.com/DQmVPtaZfQ7X8jRXfHbKUQkufNgeBwLJwrj4i3sXVEKqK3G/SBD-to-SP.png)
Something like this</center>

So off I went to give this _**experiment**_ a try.

## 1. Secure the Post I want to promote
So in this experiment I have decided to promote [**Hello Steemit World, Let Us Introduce Our Mission, One Family At a Time**](https://steemit.com/introduceyourself/@gtpjfoodbank/hello-steemit-world-let-us-introduce-our-mission-one-family-at-a-time)
![steemit-promote01.png](https://steemitimages.com/DQmV524bHD5FkEvVkqTjvADuEg1Hh89yR1rBXyE7kEfwDq5/steemit-promote01.png)
There's a nice little button sitting above the _mainstream social media share_ . 
(Note: Anyone can promote other people / own post. As long as it is *not a 7 days fully matured content**)

## 2. Decide how much should we want to promote
![steemit-promote02.png](https://steemitimages.com/DQmX88U61EiTYWYGw6qJzqn8Ee1hyrxEHwA3RXBxJfLSiva/steemit-promote02.png)
I think the minimum promoting value is 1 SBD, I am still accumulating for my mom's surgery, but since it is a long way to go, might as well just do something good about it for the **Food Bank**

## 3. Key in my private key
![steemit-promote03.png](https://steemitimages.com/DQmZFMryV1EfZk4z4TKazSin9S48BZNqbX1GVm8JPmJpR8W/steemit-promote03.png)
For the sake of **not losing my master key**, ACTIVE KEYS are always the best choice for transfers. 
(Actually it is equally dangerous to leave your active key lying around exposed to strangers, but at least you don't get your entire account hijacked, right?)

## 4. Notice value jump in your promoted post
![steemit-promote04.png](https://steemitimages.com/DQmZfkrXZhWLm87MgQKroa1VhLTLi5wPED9n4YTgGFbgauc/steemit-promote04.png)
I could be wrong, but before that I remembered the post was around 3 dollars. I will confirm again and update this post after I tried on this account of mine.

## 5. Confirm the amount was sent to @null and no one else
![steemit-promote05.png](https://steemitimages.com/DQmTpqFqE33XivHAu5FyJbWvgMkeCkcPfbUcoXssoTqKaVY/steemit-promote05.png)

You can actually see it from the @null account to [confirm](https://steemit.com/@null/transfers) too.
(I have linked the word confirm with its account transaction)

So there you go, this is my part 1 experiment. This account will be under 100% power up too and I will edit the post right after the part 2 experiment.

# Part 2 experiment 
Right after I posted this post, I went straight to do the post promotion, trying my _luck_ lol...
![steemit-promote07.png](https://steemitimages.com/DQmTs2sixRHeXnQZkhXE8A1dZjF3GediVUMhAyqSWgobM3N/steemit-promote07.png)

And this is what I get in return, the humble grateful @promoted auto response that boosted only 57 cents of my power up... haha
![steemit-promote08.png](https://steemitimages.com/DQmUG2N4isRpWeepC7qAKpR2tRpTYzEtpugmduphnAbgN94/steemit-promote08.png)

Thinking that this actually moves over from SBD to STEEM, is such a silly dream from a silly simple Steemian
<center>http://img.mywofs.com/minime/littlenewthings/mini-me-sweat-smile-f.png</center>
# <center>Oh, how silly I am feeling now </center>

At least I have **tried and tested** it and somewhat understands its functionality. 

### Moral of the story: Learning does not come free through testing.

## Conclusion: No, you cannot do a direct conversion through Promotion

<center>[![help-promo-a2.png](https://steemitimages.com/DQmfJMJwus646c46YQihR1cDKTa7dZ3RHKtz5VLQJ5fZHri/help-promo-a2.png)](https://steemit.com/christian-trail/@littlenewthings/humble-prayer-request-god-will-make-a-way) 
Please click on the logo to read why I have this project of 1000 SBD at the first place.</center>
๐Ÿ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
authorlittlenewthings
permlinkconverting-sbd-to-steem-without-losing-conversion-and-doing-good
categorysteemit
json_metadata{"tags":["steemit","teammalaysia","theunmentionables"],"users":["null","ana-maria","gtpjfoodbank","promoted"],"image":["https://steemitimages.com/DQmVPtaZfQ7X8jRXfHbKUQkufNgeBwLJwrj4i3sXVEKqK3G/SBD-to-SP.png","https://steemitimages.com/DQmV524bHD5FkEvVkqTjvADuEg1Hh89yR1rBXyE7kEfwDq5/steemit-promote01.png","https://steemitimages.com/DQmX88U61EiTYWYGw6qJzqn8Ee1hyrxEHwA3RXBxJfLSiva/steemit-promote02.png","https://steemitimages.com/DQmZFMryV1EfZk4z4TKazSin9S48BZNqbX1GVm8JPmJpR8W/steemit-promote03.png","https://steemitimages.com/DQmZfkrXZhWLm87MgQKroa1VhLTLi5wPED9n4YTgGFbgauc/steemit-promote04.png","https://steemitimages.com/DQmTpqFqE33XivHAu5FyJbWvgMkeCkcPfbUcoXssoTqKaVY/steemit-promote05.png","https://steemitimages.com/DQmTs2sixRHeXnQZkhXE8A1dZjF3GediVUMhAyqSWgobM3N/steemit-promote07.png","https://steemitimages.com/DQmUG2N4isRpWeepC7qAKpR2tRpTYzEtpugmduphnAbgN94/steemit-promote08.png","http://img.mywofs.com/minime/littlenewthings/mini-me-sweat-smile-f.png","https://steemitimages.com/DQmfJMJwus646c46YQihR1cDKTa7dZ3RHKtz5VLQJ5fZHri/help-promo-a2.png"],"links":["https://steemit.com/introduceyourself/@gtpjfoodbank/hello-steemit-world-let-us-introduce-our-mission-one-family-at-a-time","https://steemit.com/@null/transfers","https://steemit.com/christian-trail/@littlenewthings/humble-prayer-request-god-will-make-a-way"],"app":"steemit/0.1","format":"markdown"}
created2017-09-13 03:43:03
last_update2017-09-13 06:17:51
depth0
children34
last_payout2017-09-20 03:43:03
cashout_time1969-12-31 23:59:59
total_payout_value3.470 HBD
curator_payout_value0.587 HBD
pending_payout_value0.000 HBD
promoted2.000 HBD
body_length4,918
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id14,721,079
net_rshares1,427,763,483,621
author_curate_reward""
vote details (65)
@bitrocker2020 ·
i've never actually used the PROMOTE ... i heard it was kind of useless. lol .... i guess ur tests is validation of it.. hehe ...
properties (22)
authorbitrocker2020
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t110448592z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-13 11:04:51
last_update2017-09-13 11:04:51
depth1
children1
last_payout2017-09-20 11:04:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length129
author_reputation974,750,896,734,572
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,749,817
net_rshares0
@littlenewthings ·
LOL but I guess it is of good use when we want to _burn_ our SBD to keep the inflation low. LOL... well at least this post is gaining more than I have invested in promotion. So it is still pretty all right. LOL

Thank you so much for making time and visiting this post.
Now the whole #teammalaysia will know about this (I hope) lol.
properties (22)
authorlittlenewthings
permlinkre-bitrocker2020-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t152857457z
categorysteemit
json_metadata{"tags":["teammalaysia","steemit"],"app":"steemit/0.1"}
created2017-09-13 15:28:57
last_update2017-09-13 15:28:57
depth2
children0
last_payout2017-09-20 15:28:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length332
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,772,032
net_rshares0
@codingdefined ·
I guess you can also promote with 0.1 SBD, as I have done it once. But I do not know if the rule has been changed now and you have to give 1SBD. BDW nice explanation :)
properties (22)
authorcodingdefined
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t074154395z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-14 07:41:54
last_update2017-09-14 07:41:54
depth1
children1
last_payout2017-09-21 07:41:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length168
author_reputation526,006,554,991,368
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,838,444
net_rshares0
@littlenewthings ·
I am not certain, I think it didn't allow me to do less than 1 SBD... I might be wrong. I might try again when I do another new post, which I can see it from scratch to see what happens. :)
Thank you so much for making time @codingdefined !
properties (22)
authorlittlenewthings
permlinkre-codingdefined-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t083819033z
categorysteemit
json_metadata{"tags":["steemit"],"users":["codingdefined"],"app":"steemit/0.1"}
created2017-09-14 08:38:21
last_update2017-09-14 08:38:21
depth2
children0
last_payout2017-09-21 08:38:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length240
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,842,602
net_rshares0
@coloringiship ·
Ahhh...I was reading about promoted posts and the @null yesterday but couldn't make sense of it all. I will need to try this some time soon. Am resteeming this for my reference. Thanks!
properties (22)
authorcoloringiship
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t165856607z
categorysteemit
json_metadata{"tags":["steemit"],"users":["null"],"app":"steemit/0.1"}
created2017-09-14 16:58:57
last_update2017-09-14 16:58:57
depth1
children2
last_payout2017-09-21 16:58:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length185
author_reputation218,205,510,130,454
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,882,719
net_rshares0
@littlenewthings ·
Well, the basic concept is just _burning money for deflation purposes_ and you get a little thank you by the @promoted account. lol...
properties (22)
authorlittlenewthings
permlinkre-coloringiship-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170915t045057115z
categorysteemit
json_metadata{"tags":["steemit"],"users":["promoted"],"app":"steemit/0.1"}
created2017-09-15 04:51:00
last_update2017-09-15 04:51:00
depth2
children1
last_payout2017-09-22 04:51:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length134
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,931,197
net_rshares0
@coloringiship ·
Yeah that makes sense. Thanks :)
properties (22)
authorcoloringiship
permlinkre-littlenewthings-re-coloringiship-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170916t122548608z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-16 12:25:51
last_update2017-09-16 12:25:51
depth3
children0
last_payout2017-09-23 12:25:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length32
author_reputation218,205,510,130,454
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id15,051,133
net_rshares0
@crazybgadventure ·
Wow very interesting I would be interested to see how much the post ends up at and whether you do indeed get more views off it. I forgot all about this feature with the promotions and really I have not used it because to pay for such a feature would mean you should perhaps see them first maybe??
properties (22)
authorcrazybgadventure
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t102758586z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-14 10:27:57
last_update2017-09-14 10:27:57
depth1
children2
last_payout2017-09-21 10:27:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length296
author_reputation5,553,373,191,378
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,849,991
net_rshares0
@littlenewthings ·
Well, so far it isn't really helping because I think I read somewhere, to be literally visible you got bet on something as high as the latest post earnings (of some sort). 
But of course, neither this nor the @gtpjfoodbank post has hundreds earned yet. It didn't even pass $10 LOL...

Yet it is also kind of interesting how we can keep the SBD in value (on demand) by burning it. The whole concept of that @ana-marie shared with me in the context of how government regulates fiat currency sure sparked my curiosity that it also applies here.

Which means if we "over print" ourselves it is also a risk lowering the value of STEEM and SBD too. 

Thank you so much for making time and supporting this post @crazybgadventure !
properties (22)
authorlittlenewthings
permlinkre-crazybgadventure-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t150130267z
categorysteemit
json_metadata{"tags":["steemit"],"users":["gtpjfoodbank","ana-marie","crazybgadventure"],"app":"steemit/0.1"}
created2017-09-14 15:01:30
last_update2017-09-14 15:01:30
depth2
children1
last_payout2017-09-21 15:01:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length723
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,871,737
net_rshares0
@crazybgadventure ·
I wish I could get above the $3-4 mark I know it will take time.
properties (22)
authorcrazybgadventure
permlinkre-littlenewthings-re-crazybgadventure-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t152320928z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-14 15:23:21
last_update2017-09-14 15:23:21
depth3
children0
last_payout2017-09-21 15:23:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length64
author_reputation5,553,373,191,378
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,873,765
net_rshares0
@drotto ·
<p>This post has received a 1.04 % upvote from @drotto thanks to: @banjo.</p>
properties (22)
authordrotto
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t054356988z
categorysteemit
json_metadata{"tags":["steemit"],"app":"drotto/0.0.1"}
created2017-09-13 05:44:09
last_update2017-09-13 05:44:09
depth1
children0
last_payout2017-09-20 05:44:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length78
author_reputation419,916,705,599
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,728,365
net_rshares0
@eastmael ·
Lol. I also tried using promote before just to test what it does. $2 is a small price (tuition) to pay for the learning you got. ;)
properties (22)
authoreastmael
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t150855418z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-14 15:09:03
last_update2017-09-14 15:09:03
depth1
children0
last_payout2017-09-21 15:09:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length131
author_reputation78,967,407,130,763
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,872,462
net_rshares0
@elizacheng ·
actually I still don't understand what happened between the two accounts.... Noob noob... Let me know once you have figured it out..
properties (22)
authorelizacheng
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t061639857z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-13 06:16:39
last_update2017-09-13 06:16:39
depth1
children3
last_payout2017-09-20 06:16:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length132
author_reputation302,301,891,673,205
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,730,403
net_rshares0
@littlenewthings ·
Well, basically I tried to use post promotion to see what happens next. Apparently when you use the post promotion, you end up shredding your SBD into limbo (in the @null account) and that SBD is never used again until the system changes.
This reduces the circulation amount of SBD, hence keeping SBD _in demand_ and that, increases value. 
Of course, Steemit doesn't want you to just destroy your liquidated earnings just like that, hence the _destruction service_ they have provided, making you _burn_ your SBD while promoting your post. 
I **might** probably try again to be very sure of it. Because I have no idea who's the generous voter that has given me $2 worth of upvote! LOL.
More digging is required I am pretty sure of it!

Thank you so much for making time and supporting my failed experiment assessment. 
http://img.mywofs.com/minime/littlenewthings/mini-me-sweat-smile-f.png
properties (22)
authorlittlenewthings
permlinkre-elizacheng-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t062533266z
categorysteemit
json_metadata{"tags":["steemit"],"users":["null"],"image":["http://img.mywofs.com/minime/littlenewthings/mini-me-sweat-smile-f.png"],"app":"steemit/0.1"}
created2017-09-13 06:25:33
last_update2017-09-13 06:25:33
depth2
children2
last_payout2017-09-20 06:25:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length889
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,731,015
net_rshares0
@elizacheng ·
well.. it's not really a failure... at least you learn something... :)
just not yet successful only
properties (22)
authorelizacheng
permlinkre-littlenewthings-re-elizacheng-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t081501827z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-13 08:15:00
last_update2017-09-13 08:15:00
depth3
children1
last_payout2017-09-20 08:15:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length99
author_reputation302,301,891,673,205
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,738,451
net_rshares0
@ethandsmith ·
Thanks for sharing your experience with us! We can definitely learn from this. 

It's always interesting to go to the promoted tab and look at how much has been spent to promote a post vs. the rewards for the post so far. Most of the time, the amount spent is huge compared to the value the post gets. I know I don't check the promoted tab very often, so maybe many users don't. 

@tippy vote
@originalworks
๐Ÿ‘  
properties (23)
authorethandsmith
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t130145277z
categorysteemit
json_metadata{"tags":["steemit"],"users":["tippy","originalworks"],"app":"steemit/0.1"}
created2017-09-14 13:01:48
last_update2017-09-14 13:01:48
depth1
children2
last_payout2017-09-21 13:01:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length407
author_reputation16,293,227,360,395
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,861,239
net_rshares296,069,598
author_curate_reward""
vote details (1)
@littlenewthings ·
Thanks for the insights from your side too @ethandsmith ! I guess this is actually a blessing since the value is now higher than my promoted value spent! LOL. 

So in theory, if we _burn_ SBD (for the sake of deflation) and then #theunmentionables writers supports in return (if the content is really superb of course) , this could be a nice little "balancing" and slow down "over printing" ? 

Hm.....
properties (22)
authorlittlenewthings
permlinkre-ethandsmith-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t150440470z
categorysteemit
json_metadata{"tags":["theunmentionables","steemit"],"users":["ethandsmith"],"app":"steemit/0.1"}
created2017-09-14 15:04:39
last_update2017-09-14 15:04:39
depth2
children0
last_payout2017-09-21 15:04:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length402
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,872,060
net_rshares0
@originalworks ·
originalworks
The @OriginalWorks bot has determined this post by @littlenewthings to be original material and upvoted it! 
<center>![ezgif.com-resize.gif](https://steemitimages.com/DQmaBi37A5oTnQ9NBLH8YU4jpvhhmFauyvgg3YRrEJwskM9/ezgif.com-resize.gif)</center> 

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message! 
### To nominate this post for the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!<h3>
For more information, [Click Here!](https://steemit.com/writing/@originalworks/originalworks-bot-explanation-and-info)
properties (22)
authororiginalworks
permlinkre-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t130145277z-20170914t130306
categorysteemit
json_metadata"{"app": "pysteem/0.5.4"}"
created2017-09-14 13:03:09
last_update2017-09-14 13:03:09
depth2
children0
last_payout2017-09-21 13:03:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length626
author_reputation79,292,026,602,057
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,861,358
net_rshares0
@mikepm74 ·
$0.28
If you check the upvotes you will see a vote from an account called @promoted. They believe that burning sbd to null is the best way to combat inflation. So any time you promote a post, their bot will come and give it an upvote. Vote value will vary.

It's like the upvote bot you never knew you needed. ๐Ÿ˜‚
๐Ÿ‘  , , , , , , , , , ,
properties (23)
authormikepm74
permlinkre-littlenewthings-2017912t225351229z
categorysteemit
json_metadata{"tags":"steemit","app":"esteem/1.4.6","format":"markdown+html","community":"esteem"}
created2017-09-13 03:54:12
last_update2017-09-13 03:54:12
depth1
children2
last_payout2017-09-20 03:54:12
cashout_time1969-12-31 23:59:59
total_payout_value0.273 HBD
curator_payout_value0.008 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length305
author_reputation50,476,601,169,361
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries
0.
accountesteemapp
weight500
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,721,653
net_rshares104,981,272,674
author_curate_reward""
vote details (11)
@doqspro ·
Thanks for this great answer.. i have also experimenting this. but for me it is not really profitable. unless it was done by huge amount of SBD.
๐Ÿ‘  
properties (23)
authordoqspro
permlinkre-mikepm74-re-littlenewthings-2017912t225351229z-20170913t135708602z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-13 13:57:15
last_update2017-09-13 13:57:15
depth2
children0
last_payout2017-09-20 13:57:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length144
author_reputation3,788,264,119,002
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,763,550
net_rshares222,604,196
author_curate_reward""
vote details (1)
@littlenewthings ·
LOL... thanks @mikepm74 . I was very curious where has my SBD gone to. I might as well stick to 1 SBD and at least loose only 50% of it to be burnt haha....
Now I am curious who got me that $2 value vote! At least I am not on the losing end today. hahaha.... 
(I need to update my post to make sure people do not mistaken that this is a SBD -> SP conversion _hack_ 

Thanks so much for stopping by!
properties (22)
authorlittlenewthings
permlinkre-mikepm74-re-littlenewthings-2017912t225351229z-20170913t042226664z
categorysteemit
json_metadata{"tags":["steemit"],"users":["mikepm74"],"app":"steemit/0.1"}
created2017-09-13 04:22:27
last_update2017-09-13 04:22:27
depth2
children0
last_payout2017-09-20 04:22:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length398
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,723,126
net_rshares0
@minnowpond ·
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
properties (22)
authorminnowpond
permlinkre-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t035352
categorysteemit
json_metadata"{"app": "pysteem/0.5.4"}"
created2017-09-13 03:53:54
last_update2017-09-13 03:53:54
depth1
children1
last_payout2017-09-20 03:53:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length143
author_reputation13,239,048,956,578
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,721,638
net_rshares0
@littlenewthings ·
Thank you @minnowpond
properties (22)
authorlittlenewthings
permlinkre-minnowpond-re-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t035352-20170913t061907997z
categorysteemit
json_metadata{"tags":["steemit"],"users":["minnowpond"],"app":"steemit/0.1"}
created2017-09-13 06:19:09
last_update2017-09-13 06:19:09
depth2
children0
last_payout2017-09-20 06:19:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length21
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,730,574
net_rshares0
@minnowpond1 ·
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
properties (22)
authorminnowpond1
permlinkre-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t044036
categorysteemit
json_metadata"{"app": "pysteem/0.5.4"}"
created2017-09-13 04:40:36
last_update2017-09-13 04:40:36
depth1
children0
last_payout2017-09-20 04:40:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length143
author_reputation383,828,786,455
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,724,189
net_rshares0
@minnowsupport ·
<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by littlenewthings from the Minnow Support Project.  It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso.  The goal is to help Steemit grow by supporting Minnows and creating a social network.  Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>
properties (22)
authorminnowsupport
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t053648982z
categorysteemit
json_metadata{"tags":["steemit"],"app":"cosgrove/0.0.1rc9"}
created2017-09-13 05:36:48
last_update2017-09-13 05:36:48
depth1
children0
last_payout2017-09-20 05:36:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length616
author_reputation148,902,805,319,183
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,727,895
net_rshares0
@neuromancer ·
> โ€œOur greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.โ€

_- Thomas A. Edison_

It's not a failure if you gained knowledge. I gave post promotion a try once, a week or two ago, think I spent $0.44 SBD on it only, so it seems there's no lower limit on that, or on diminishing returns ;)

Thanks for sharing your insight. Nice moniker, BTW.

PS: are you a professional crastinator?
properties (22)
authorneuromancer
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t090820620z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-14 09:08:30
last_update2017-09-14 09:08:30
depth1
children1
last_payout2017-09-21 09:08:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length436
author_reputation865,641,939,516
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,844,679
net_rshares0
@littlenewthings ·
Oh, that sounds interesting! I should try lower and see if it works lol.
But then again I was overly excited when the @gtpjfoodbank post jumped $2, so I tried it again on my post to see what happens. LOL.

I am just a humble _jack of too much trades, master of none_ with too much on her plate 

Thank you so much for making time and visiting this post!
properties (22)
authorlittlenewthings
permlinkre-neuromancer-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t145720115z
categorysteemit
json_metadata{"tags":["steemit"],"users":["gtpjfoodbank"],"app":"steemit/0.1"}
created2017-09-14 14:57:18
last_update2017-09-14 14:57:18
depth2
children0
last_payout2017-09-21 14:57:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length353
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,871,335
net_rshares0
@rootingrobert ·
What a sweet lovely story. I especially like the end. The sudden realization, the lil self-pity resulting out of pure innocence. 

At least you learned something and shared it with us so we don't have to pay to learn it ยขโ€ฟยข

I also ignored the promoted section up until this date. One gets flooded with articles anyways!
properties (22)
authorrootingrobert
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t043629277z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-13 04:36:27
last_update2017-09-13 04:36:27
depth1
children1
last_payout2017-09-20 04:36:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length320
author_reputation2,768,405,501,827
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,723,952
net_rshares0
@littlenewthings ·
lol thank you @rootingrobert it was a silly move but as it was once written:
### _Curiosity kills the cat_ 

So yes, we all have got to test it out to really understand its functions. Steemit is still quite a whole new world for me, especially its functionality and its services. 

Thank you so much for taking time and visiting this post. Truly appreciated.
properties (22)
authorlittlenewthings
permlinkre-rootingrobert-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170913t061627983z
categorysteemit
json_metadata{"tags":["steemit"],"users":["rootingrobert"],"app":"steemit/0.1"}
created2017-09-13 06:16:27
last_update2017-09-13 06:16:27
depth2
children0
last_payout2017-09-20 06:16:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length358
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,730,392
net_rshares0
@unmentionable ·
$0.13
You've received a FULL upvote from #TheUnmentionables - a SteemIt community full of members who like to kick ass, take names, and occassionally do it wearing (or forgetting to wear) our unmentionables...
<center>![image.png](https://steemitimages.com/DQmbLdfyoz8excwV5zhMFdXAHpxtHYk3113sUmNadF2R2b1/image.png)</center>

<center><b>Interested in joining us? Come join our Discord server at:</b>

<h3>https://discord.gg/7kYYrw9</h3></center>

<center><h1>#TheUnmentionables</h1></center>

<center><h3>*Please upvote this comment to help us pass out higher dollar value upvotes in the future!*</h3></center>
๐Ÿ‘  ,
๐Ÿ‘Ž  
properties (23)
authorunmentionable
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t175654032z
categorysteemit
json_metadata{"tags":["theunmentionables","steemit"],"image":["https://steemitimages.com/DQmbLdfyoz8excwV5zhMFdXAHpxtHYk3113sUmNadF2R2b1/image.png"],"links":["https://discord.gg/7kYYrw9"],"app":"steemit/0.1"}
created2017-09-14 17:57:00
last_update2017-09-14 17:57:00
depth1
children1
last_payout2017-09-21 17:57:00
cashout_time1969-12-31 23:59:59
total_payout_value0.100 HBD
curator_payout_value0.031 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length604
author_reputation3,952,475,400,411
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,887,911
net_rshares47,327,993,637
author_curate_reward""
vote details (3)
@littlenewthings ·
Thank you so much @unmentionable !
properties (22)
authorlittlenewthings
permlinkre-unmentionable-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170915t044942633z
categorysteemit
json_metadata{"tags":["steemit"],"users":["unmentionable"],"app":"steemit/0.1"}
created2017-09-15 04:49:42
last_update2017-09-15 04:49:42
depth2
children0
last_payout2017-09-22 04:49:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length34
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,931,128
net_rshares0
@uwelang ·
I used that option some months ago with no massiv impact, it goes to that "promoted" tab on top left of your page and might get some more visitors which click and run through that tab though (if you are lucky).
properties (22)
authoruwelang
permlinkre-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t075246543z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-09-14 07:52:45
last_update2017-09-14 07:52:45
depth1
children1
last_payout2017-09-21 07:52:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length210
author_reputation823,541,982,116,478
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,839,216
net_rshares0
@littlenewthings ·
true @uwelang , I was just testing the @null and see how it works, and burn the SBD and see if that makes the value go up in the real time exchange lol. (It could you know lol) 
It was a really interesting experiment to do, and also something good to write about as well. 
Thank you so much for making time to visit and support this post !
properties (22)
authorlittlenewthings
permlinkre-uwelang-re-littlenewthings-converting-sbd-to-steem-without-losing-conversion-and-doing-good-20170914t084004733z
categorysteemit
json_metadata{"tags":["steemit"],"users":["uwelang","null"],"app":"steemit/0.1"}
created2017-09-14 08:40:06
last_update2017-09-14 08:40:06
depth2
children0
last_payout2017-09-21 08:40:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length339
author_reputation173,886,244,807,267
root_title"Converting SBD to STEEM without Losing Conversion (NOT) and Doing Good"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,842,709
net_rshares0