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RE: Fairer Price Calculation

in #smartsteem6 years ago

??? What needs tobe fixed? Is there an error?

What do you mean with real median price?

The median price is 0.402 as of now. This is the real median price!!!

The blockchain is always leading. So how can you make something different for the median price?

This median price (0.402) is there with a reason. And now you guys (are going to fix) the reason?

This goes against the blockchain, ahh I understand, The Bot is of more importance, there must be revenue, ...

I am really very disappointed...

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??? What needs tobe fixed? Is there an error?

The issue people got worked up about is incorrect display in some UIs. Nothing on the blockchain is affected by the median being reported as an adjusted value, except that which is supposed to be affected.

Median Price is artificially inflated due to the SBD debt rate. You're paying with 26 cents STEEM but are getting 40 cents STEEM calculated on the blockchain, which would essentially lose you money, everytime - guaranteed.

But with the new changes, of taking the real median price (without the SBD debt limit), you're getting the correct ROI, and are not losing money.

You're welcome.

PS: Read this post: https://steemit.com/witness-category/@oflyhigh/why-is-medianhistoryprice-no-longer-the-median-of-feed-price-my-investigation

Ehhh, I am aware and I fully understand the median price mechanism and what impact it has to determine vote values. I was always under the impression that you used USD prices and not the median price feed.

I am just disappointed that it took you days, weeks to notice there was a change to the median price feed because of the SBD Debt Ratio hitting 10% ...

Positive thing is, it's now fixed for the future, it will not happen again.

Steem On!!!