This is all correct, but may I suggest abandoning $ calculations and using STEEM as the native and base currency.
For those paying in STEEM, it is then a simple calculation to value the upvote and the amount needed from vote-sellers. The value of an upvote is based on the official blockchain price, however wrong it may be compared to external market prices.
I also think this is a good time to ditch the $-designated rewards and show them in STEEM. Then users will also see how stable upvotes have been in STEEM.
Thanks.
Lots of people have suggested doing away with the USD valuations on Steemit.com and showing them in STU's (Steem Internal Units.) That way, when the markets fluctuate, you will still see the true, unchanged value of your vote.
Though, this suggestion has been predictably unpopular for reasons you could likely guess. Most people, even those blogging on a cryptocurrency website, don't really care about the native token. They are still fiat-centric and want to know how many loaves of bread they can buy when their post pays out.
Clones like WeKu have implemented this change and it makes using the platform feel a lot smoother, so I'd certainly like to see it tried here, as "surface-level" as it may seem. Psychologically it's a significant difference.
What about an option to toggle "Native currency" or "Fiat currency" display in Settings? I think it would be quite nice to have that available.
the toggle may please both camps. Steempeak shows STUs.
I agree, it is a big psychological difference to see your earnings stable in the face of a changing exchange rate. I don't think it is a "surface level" change - it's like going abroad and always converting local prices into your native currency; once you live there, you stop doing that coz it stops making sense; you live, earn and spend locally.
That is, in many ways, steem's one good feature - a feature that then isn't... featured! Go figure :-)
That’s funny that you think anything could ever please both camps in 2018. They’ll both still find something to dislike. Disappointment is one thing at which we all still excel.
(I’m being sarcastic)
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More gallow's humour appreciated in these dark days. Unfortunately, the "sarc" tag is often needed to avoid triggering the over-sensitives.