Why does it take 1 week to transfer your steem dollars in to steem?

in steem •  9 years ago  (edited)

Who has an answer for this?

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a "steem whitepaper" have one. look at "Mitigating Timing Attacks" part
https://steem.io/SteemWhitePaper.pdf

there is citate:
"Steem levels the playing field by requiring all conversion requests to be delayed for one week. This means that neither the traders nor the blockchain has any information advantage regarding the price at the time the conversion is executed".

  ·  9 years ago (edited)Reveal Comment

dont know exactly how to convert steem dollars -> steem.
I think that is done by market

  ·  9 years ago Reveal Comment