Thanks, @eonwarped.

Do you realize this is actually proving my point with those details as well? As I said,

"I suspect the whole triple ledger steem system and all the complexities is designed specifically to throw off and blind people from the truth."

I don't complicate it in terms of market value per se, but simply at face value of what Steemit advertises everywhere of 75% author reward of the payout value. Steemit is the perfect example of the age old saying, "the devil's in the details" i.e. in this case a misleading on the part of the management, which explains part of why 90-96% of all steemians have now left unsatisfied with steemit.

You also said,

"...that [payout] number only updates when a vote is cast..."

This simply is not true at all. FAQs states,

"..based on the current voting activity and price of STEEM. These potential payout amounts may fluctuate up or down until the payout period ends."

I see you are right, though, when you say,

"1 SBD = 1 USD"

As the FAQs do now say at the end,

"The blockchain assumes Steem Dollars are worth approximately one USD."

The FAQs are still very poorly written to reflect the real truth in a clear cut understandable way for steemians to understand, many of whom do not speak English as their mother tongue, and thus are very misleading at best. In other words it seems written more in the corporation's interest, instead of in the investor/author/curators interest, which are really the heart and soul of steemit to begin with. There are so many areas of the FAQs that are poorly written for people to understand clearly.

For example, I was speaking to someone yesterday, who said she just invested 3 steem into steem power and when I told her if she ever wishes to power down and get that back, the system will not allow 5 steem to leave. She started crying. Man, did I feel bad. Of course, I thought it's only like $10, but told her hopefully in time she will get it back one way or another through putting it to use. I didn't say the curation is currently paying around 1% though. Probably most of the people who have left are not wealthy enough to invest that much into it and never get anything out. That is the saddest thing to me about steemit and the misleading hype. I'll be honest and say that it really struck a chord to here her cry and wish @Ned knew things like this happen.