I guess I learn more and more about the system. I always thought the conversion option just gave you HIVE bought off the wallet market.
Am I right in assuming that the HBD to HIVE conversion is done internally and off the traditional buy/sell market? It just uses the average price in that market to determine the rate.
Posted Using LeoFinance Beta
There are two on-chain mechanics available to swap HBD for Hive.
The most common way is the internal market:
https://wallet.hive.blog/market
This market allows us to atomic-swap Hive for HBD and HBD for Hive between users.
The conversion feature is a little weirder and more of an advanced maneuver.
An average for Hive is calculated over 3.5 days and then the HBD is destroyed and creates Hive.
Thanks for the clarification. I usually just set a buy order on wallet.hive because I prefer to know the amount I am getting.
Posted Using LeoFinance Beta
Before all this I had no fucking clue.. I just thought it was a simple conversion.
Yea there is just too many things in HIVE and when you know the input and the output, you skip the steps in the middle.
Posted Using LeoFinance Beta
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