RE: DON'T POWER UP YOUR POSTS WHEN SBD IS WORTH MORE THAN USD!
Thanks for the explanation and example, but I'm still having a hard time wrapping my head around those numbers.
6.623 * 2.41 = $15.96 (what we expected)
8 days ago 10.015 SBD, and 4.306 STEEM POWER for michellectv/super-fast-and-easy-pizza-dough-photo-how-to-and-recipe <<-- PAYOUT WAS ABOUT $20
...
let's say steem=2.41 again (may have been a bit lower though), and sbd=1.75 around that time ...
(4.306 * 2.41) + (10.015 * 1.75) = $27.91!!! (40% more!!!)
In the 1st example, the OP earned 6.623 Steem only. Converted to USD it is $16 (roughly).
If that SAME post had earned a 50/50 mix, how would one calculate the actual reward? Would it not have been: 6.623 / 2 = 3.3115 Steem and 3.31 X 1.7 = 5.63 SBD ?
So to convert to USD: (3.31 Steem X 2.41) + (5.63 SBD X 1.7) = 7.98+9.57 = 17.55 which is just slightly more. I don't see how one can compare 2 completely different rewards without knowing how the rewards were calculated in the first place.
The one and only time I ever converted SBD to steem, I got roughly 14 Steem for my 12 SBD. When I now look at the conversion rate, I'm getting Less Steem for my SBD, so I have not converted any since then. All these fluctuations make it difficult to know what to do when.
The point is that in the post payout calculation, the blockchain does not consider the current price of STEEM DOLLARS. It assumes 1 SBD is always about equal to 1 USD, and issues an amount of SBD based on that.
Regarding the amount of STEEM you receive, when STEEM was worth 10 cents in SBD, 1 SBD = 10 STEEM. Currently, on the STEEM Market, 1 SBD = 1.41 STEEM. Meanwhile, coinmarketcap currently shows 1 STEEM = $2.16 USD.
And, if the blockchain's giving you more SBD than it realizes it's worth, that's where the extra STEEM comes from. But of course, if you're converting with STEEM over $2 USD versus when it was a much lower price, that's likely why you feel you're getting less STEEM for your SBD.
At the time I converted, SBD was close to $2 USD and Steem was just above $2 USD. The spread is slightly greater now, but that shouldn't reverse the rates. This is what is totally confusing to me. It was only a week ago or so that I made the conversion.
And that is why I believe that if the price of STEEM goes up, earnings in SBD will be worth less and less as far as converting them to Steem and earning vests (unless the amount of SBD earned keeps up with the value of Steem).