What's Up With Rewards?steemCreated with Sketch.

in #steem5 years ago (edited)


There's something missing
source

Did HF20 change more than I realized?

The last I checked, if you selected 100% Powered Up, the rewards for posts and comments were as such:

image.png

The internal price of Steem has been the 3.5 day trailing average of the market price of Steem. I don't know if it's averaged by the day/hour/minute, but it's the average over the most recent 3.5 days.

Here's the sticking point: this doesn't seem to be the case anymore. As you can see, the median price is locked at $0.40.

image.png

Source: SteemNow
image.png
Source: SteemNow

The price did touch $0.40 on the first, but it has been in the mid-to-low $0.30 range for the last week.

Here's a chart from CoinMarketCap.com showing the last 5 days. I marked 3.5 days with a red line.

image.png

The price 3.5 days ago was around $0.35 and is now below $0.30. That means the median price should be around $0.32 based on the fluctuations.

So what gives? On a post with a payout of $10, $7.50 should be going to the author, and if the system continues to use $0.40 as the internal price rather than the average, that means it's costing authors around 4.5 Steem Power in payout. It's also costing curators around 1.5 Steem Power.


- Does anyone know why this is happening?
- Also, when did the change occur?
- What's the reason for setting the median price higher than it actually is?


Ono Small.png
@themanwithnoname

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I noticed it too a week or so ago. I was told it's just how it is worked out. Which is not a very good answer @guiltyparties. Lol

I've been thinking that something was off, but it was just in the back of my mind. I also saw it about a week ago, but we were closer to $0.40 so I thought it was probably just a mistake. Now that we're down at $0.26 and the average closer to $0.30, it's clearly off. I'd love to know what's going on. Also, where is the extra Steem going that should be getting paid out to us?

Also, where is the extra Steem going that should be getting paid out to us?

No idea, if the chains code can't even work out a 3.5 day average can we really trust that is paying people correctly to begin with? The pool is supposed to average out payment depending on usage and history.

In case someone says that it's actually paying correctly, I used the numbers that Steemworld published and calculated what the price was that Steem used. It actually assumed that Steem was at $0.408, not $0.40.

Your comment, like our rewards has disappeared. Ha ha ha. :D

That made me smile.

I still haven't figured out why sbd is not at a dollar, l thought it was supposed to pay interest to bring it up to a dollar.

Posted using Partiko Android

SBD is always worth a dollar in the blockchains calculations. The value you are looking at is the exchange price that people trade each other for.

Interest is set to 0% by most of the witnesses right now.

That is because they changed the vision after the original whitepaper was published. Apparently most groups don't update their white paper. SBD is supposed to be not more than a specific percentage of Steem's market cap, so when it gets over that point, SBD stops printing. If it gets past 10% of Steem's market cap, then it (goes off of Steem's price, not off $1 in terms of whether or not interest is given). I'm not sure on the last part. There haven't been clear explanations for it.

Personally, I think SBD should be $1. Period. It would incorporate a stablecoin element to Steem which would make it more attractive for businesses to use Steem because they could charge in SBD and know they're effectively getting $1.

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I have no clue sir Blondie and does anyone really? Hey what is Steem rated anyway? On some lists they have the top 20 coins or whatever? I don't even know who has those, I was just curious where it was rated after the last week announcements and such.

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