Steem Dollar Big Mac price index

in bigmac •  8 years ago 

I wanted to know how much I have to pay for a big mac if I wanted to buy one with Steem Dollar exchanged to Bitcoin.

Basis:

  • Big Mac US: $4.79
  • Big Mac BTC: 0.008419

Exchanges:

  • Blocktrades: 5.89 $D (+1.1)
  • Bittrex: 5.55 $D (+0.76)
  • Poloniex: 5.58 $D (+0.79)

In average, I have to pay 18% more in Steem Dollar for a Big Mac.

Using Steem Dollar currently means 10-15% loss to the Dollar, and I hope they come up with ideas to bring it closer to the real peg.

Image: 1

bigmac steem steemdollar
8 years ago by

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$3.18
  • Past Payouts $3.18
  • - Author $2.60
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    • [-]
      ·  8 years ago 

    There are rumors that Shapeshift will be adding Steem support soon. If that is the case you will be able to do an exchange with very little fee.

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    $0.38
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    1 vote
    [-]
      ·  8 years ago 

    they buy coins from exchanges too, so if you lose 10% at poloniex, you'll lose 10% at shapeshift as well

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    $0.39
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    1 vote
    [-]
      ·  8 years ago 

    id guess at least 11%!

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    $0.00
      4 votes
      [-]
        ·  8 years ago 

      We just need liquidity! and more market makers! ohh and a btc /steem dollar exchange built in to steemit exchange before 1 steem dollar will be within 5% of a $

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        5 votes
        [-]
          ·  8 years ago 

        We need more educated bulls and bears in order to raise steem price, not just anyone willing to sell their sbd for a quick buck

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          [-]
            ·  8 years ago (edited)

          you are aware that steem dollar is meant as an everyday currency? you should use it.

          edit: or take 10% APR :D

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            [-]
              ·  8 years ago (edited)

            @fav there's only 1 solution to get it closer to $1 again, get 100K new traders on here so we actually got some liquidity :)

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              [-]
                ·  7 years ago 

              it's very good work bro

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