You are viewing a single comment's thread from:
RE: How do you feel about Steem drying up as everyone powers up?
I agree to the fact that minority have a majority voting power and they throw a bone every now and then.
And it's becoming harder and harder to get steem on payouts. Previously when I started, it was 50/50
Now the balance is uneven. I rationalized that as the higher price of steem compared to SBD, but now they are pretty equal. And I still get higher SBD than steem on payouts.
I guess we have to stick it out in these times. Decentralization of power isn't happened yet, but I'm hoping it'll get there.
The 50/50 is computed on the 7 day average price of steem and SBD. There are several articles on it. Read some witness reports, this is one of the key aspects of those reports.
The whole structure isn't going to lead to any kind of decentralization of power but the collection of individuals here may be able to work something out, either here or somewhere else. I'm trying to build a community that will move beyond steem if it has to.
When you get 50/50 rewards it gives you half in Sbd (and it assumes they are worth $1 no matter what the market price is. That's why it's so nice when Sbd are more than $1 because we still get the same amount on our posts but then we can sell it for more) and half in steem (based on the market price of steem) so you will only get the same amount of each if the price of steem is $1. Hopefully that makes a little sense. This post explains it in more detail. https://steemit.com/steem/@littlejoeward/could-a-high-steem-price-actually-be-bad-for-us