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RE: Limited Offer: Guaranteed Positive ROI with @smartsteem + ROI Calculation Explanation
yah, that was exactly what I thought was happening myself. Still annoying regardless of fault :(
yah, that was exactly what I thought was happening myself. Still annoying regardless of fault :(
Just heard from @therealwolf in discord that the SBD is hard coded 1:1 with the USD in STEEM. So regardless of the external exchange rate in exchanges it's 1:1 here.
However I don't yet understand why that reduces the expected SBD payout. Reason is, if the reward pool has X SBD in it that should be independent of USD rate. Ie 1000000 SBD to be handed out whether it's US$2 per SBD or US$0.50 per SBD.
Unless the reward pool is actually in STEEM and then once distributed is converted into SBD at the USD to STEEM rate which I think would reduce the SBD payout - but I have to think that through.
Look at this post...
https://steemit.com/nanocheeze/@nanocheeze/come-with-me-on-a-ten-minute-journey-into-the-mequavis-that-exists-in-my-mind-no-really-check-this-out-another-dragon-ball-ai-in
It's down to $5.88 now because steem is less than $2 bucks!!!
What I don't like about this is that Steem will go back up, but I will not see a return here. The other side sitting on the steem will though... That kinda sucks... I'm basically giving my curation rewards away... 88 upvotes and I will get back way less than I put in... but Steem will bounce back and then therealwolf profits. Not saying he is doing anything bad or on purpose, just a side effect of the machine, but that blows... really... It took me several months to build up 10 SBD :P I'm a minnow, I'm only gonna have like 3 SBD now haha... not a big deal I know, but like I said, minnow, not easy earning steem...
But it does mean I can not even use the bot now... As it is 4 SBD minimum, and I won't even get back enough to big again haha :( not haha
But it does mean I can not even use the bot now... As it is 4 SBD minimum, and I won't even get back enough to big again haha :( not haha
Hi @nanocheeze yes you're right. And whilst it's no biggie in terms of $ it's a biggie in terms of all the hard work that went in. However as you've noted the value will go up again. I'm trying to put posts together as we speak to take advantage of that :) Gotta keep at it. I've taken a "relative" beating too lol. I don't know how much, don't know if I want to know. I moved my own money in that was in BTC to play and experiment. Thing is, this is a learning experience and it is persistence that will win at the end of the day!