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RE: Vlog 179: Steemprice + Blocktrades disabled SBD and STEEM [Update - It's FIXED] + Dutch Financial Times mentions Steemit.
You are getting so much SBD because a lot of witnesses have changed the ratio at which SBD/STEEM is created in order to "print" more SBD to get more of it out on the markets in an attempt to normalize it's price. I hope that makes sense.
EDIT// https://steemit.com/steem/@dragosroua/steem-supply-update-rewards-algorithm-rewrite-major-cleanup-version-bump
Wow, that's some nice information I was not informed about. Thank you for sharing!
sensible news and suggestion. Thank you
I was wondering about that... Still has a long way to go. If SBD and STEEM become exactly equal will that mean that payouts are expressed in USD?
I don't think it is likely that will ever happen again.
Exactly, this currency has already lifted. The changes will have waves like any other cryptocurrency, but unless a backup is added (like USD for USDT), it'll run anchorless through a variety of prices.
yes this currency will continue to grow. I believe that it is a very smart investment. especially Steem Power specifically.. It sucks that you can't withdraw it all immediately, though I think the returns will be very promising, so I am happy to withdraw little amounts over an extended period of time.
I would like payouts and everything to be calculated against SBD instead of USD. If the coin's value goes up and we are therefore paid less SBD, I think it's unfair for the early comers!
I myself don't want the price to normalize, I want it to mooooon! My earnings would be worth so much more!
This happens every time the price pumps. You're supposed to sell when SBD gets high. So it will not last. Has happened repeatedly.
Thanks for this news. Very informative.
What did the ratio used to be?
the reward ratio is supposed to be 50/50 - Steem/SBD but has been closer to 20/80 recently in order to "print"more SBD so it's more on the markets and it can't be pumped so easily. SBD should be worth $1, that's how it is designed
How can one find out when they make that change? It seems quite material to various strategies?
I have not seen any change in the ratio of my payouts. They seem to be at 50% in SBD?
steem.supply had that information but now it doesn't show it anymore. I asked the app's creator @dragosroua to add it back in.
Thanks. I saw an old post on that when I was googling and thought the same thing. Hopefully he brings it back.
aah if this is accurate then I get it now :)
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