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RE: Understanding Payouts on Steemit. The $ Sign On Posts Is Misleading - Here's Why...

in #steemit7 years ago

I think that it's not only the reward display that is bugged but the rewards themselves. If I remember correctly, the Steem team programmed the blockchain with the permanent assumption that SBD would always be 1 USD. And now that SBD moves up and down, the rewards contain Steem sometimes, sometimes they don't, and the reward display is always divided by half the SP half should be literally half, but it's less...

Anyway, this all means that if SBD is more valuable than 1 dollar, we get more SBD, which is absurd in my opinion, unless we're talking about producing more to devalue the coin so that it goes back to 1, etc., but I don't see that happening nowadays.

I'm not sure of anything, though. I'm not an expert by any means and I haven't read the code of the blockchain.

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I don't know how deep the problem goes, but it can surely be fixed at the User Interface level anyway. Maybe they intend to resolve this at the blockchain level at some point. Messy!

More SBDs are being produced to compensate for the issue, but traders continue to push the price up anyway!

Hmm sir @ura-soul you are right i agree with you sir.

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