That is true, there is some gamble involved. That is why I don't recommend boosting posts you just now posted, but rather boost posts that are 6 days old.
We are currently doing the math for minnowbooster to get a pr out, the formulas are quite complicated and we don't went to keep minnows in the dark here.
That's... kinda always true, isn't it? Cryptocoin values love to fluctuate, and with steem being sold on more exchanges (thanks, Korea!), it makes sense that it'll start bouncing around.
I would dare to say not many. There are quite a few people using this platform that have no idea what crypto even is. They just see the dollar signs and think, 'money. this is neat. now what?' The conversation is started here. Thanks for your feedback, @reggaemuffin.
Not enough. Which is why this post is important, and the current situations brings need for discussion and adjustments to the way vote buying services work.
I would say that for that reason SBD shouldn't be accepted as payment for upvotes. When I made my agreement with smooth I made sure it was in STEEM because no matter what the price of STEEM the amount (of steem) I can give with my upvote remains the same. It is much more reliable once you work out the maths, because as long as you're paying the same amount of steem the return (in steem) is the same.
That is true, there is some gamble involved. That is why I don't recommend boosting posts you just now posted, but rather boost posts that are 6 days old.
We are currently doing the math for minnowbooster to get a pr out, the formulas are quite complicated and we don't went to keep minnows in the dark here.
That's... kinda always true, isn't it? Cryptocoin values love to fluctuate, and with steem being sold on more exchanges (thanks, Korea!), it makes sense that it'll start bouncing around.
True but how many people buying upvotes are aware of that.
I would dare to say not many. There are quite a few people using this platform that have no idea what crypto even is. They just see the dollar signs and think, 'money. this is neat. now what?' The conversation is started here. Thanks for your feedback, @reggaemuffin.
Not enough. Which is why this post is important, and the current situations brings need for discussion and adjustments to the way vote buying services work.
I would say that for that reason SBD shouldn't be accepted as payment for upvotes. When I made my agreement with smooth I made sure it was in STEEM because no matter what the price of STEEM the amount (of steem) I can give with my upvote remains the same. It is much more reliable once you work out the maths, because as long as you're paying the same amount of steem the return (in steem) is the same.
What happens if the situation is reversed? What if SBD drops below $1? Can that happen? What then?
It makes no difference to the amount of steem coming from the upvote. Or SBD based on the value of steem.
Why do we even need the separation?
You mean why pay in STEEM instead of SBD?