WHY DOES IT TAKE A WEEK TO EXCHANGE STEEM DOLLARS FOR STEEM ?

in steemit •  9 years ago 

WHY DOES IT TAKE A WEEK TO EXCHANGE STEEM DOLLARS FOR STEEM ?

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9 years ago by

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      ·  9 years ago (edited)

    PSA - You don't have to use that feature. It uses a price average over the 7 days to determine the rate exchange your funds. There is no way to tell what rate you will get, it is only for the lazy or those who know how to game the average calculation.

    You can do your own exchange manually for a better rate here https://steemit.com/market

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    [-]
      ·  9 years ago 

    The internal market seems to work well. I don't understand why they don't have bitshares on the platform. I've struggled to use openledger on my mac.

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    [-]
      ·  9 years ago 

    how would you game the avg calculation. you would bet that the price goes up in the next week. If that's your bet you can just wait the week and not risk being stuck w the funds.

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    [-]
      ·  9 years ago 

    Exactly, it seems like a bad idea any way you look at it.

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        ·  9 years ago 

      My best guess? Aliens.

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      [-]
        ·  9 years ago 

      Probably to prevent mass panic selling.

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      [-]
        ·  9 years ago 

      I just tried it and I didn't see that in any of the beginner videos. It didn't even show up in my feed.

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