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RE: Steem Bot Tracker - Major Code Refactor

in #utopian-io • 7 years ago

Thank you for your generous vote @yabapmatt!

I'm so confused with the currencies! So on steemit the vote value is in STEEM not SBD? In any case the payment is in SBD/SP/STEEM and they did not change much in relationship to each other so shouldn't the the amount listed on steemit stay the same pretty much?

If it were in US$ that would be different.

Confused!

7 years ago in #utopian-io by
$0.00
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     7 years ago 

    The payout value shown on steemit.com and other front end sites shows the current USD value of the Steem Power you will get from the post if you have chosen to receive 100% of the rewards as Steem Power.

    So if the upvotes on a particular post would cause it to receive 1 Steem Power, and the market price of STEEM is currently at $2, then the payout for the post would show $2. If the price of STEEM goes up then the payout value shown goes up and vice-versa.

    If you choose to take 50% of your post payout in SBD (which you always should right now) then you get half of the payout in SBD where the system assumes that 1 SBD is worth 1 USD. The fact that the actual market value of SBD is significantly different than what the Steem blockchain assumes it to be is the cause for all of this confusion.

    $0.39
    • Past Payouts $0.39
    • - Author $0.29
    • - Curators $0.09
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     7 years ago (edited)

    Interesting, thank you. I will suggest they post this to the faq.

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     7 years ago 

    @yabapmatt are you sure steemit shows the payout in USD?

    Have a look at these posts where I recorded what your site says will be paid out in SBD (ie selected SBD in the dropdown) and then what steemit said the payout would be. I think the USD to SBD/STEEM just over a week ago was something like USD $2 per Steem. Using the 30 day average it would be even higher. Yet the expected steemit payout and your calculated SBD payout were roughly the same.

    https://steemit.com/test/@petervroom/test-1-bot-vote
    https://steemit.com/test/@petervroom/test-2-bot-vote
    https://steemit.com/test/@petervroom/test-3-bot-vote

    Best

    [-]
     7 years ago 

    No, I think you're misunderstanding. What is shown on steemit.com is what I call "POST REWARDS" on the bot tracker site. If you select that from the drop down then it should match what is shown on steemit.com.

    Steemit.com assumes 1 SBD is worth 1 USD, the bot tracker site values SBD at the actual market value, so that's why the numbers will be different.