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RE: SBDs Are Not A Part Of The Pay Out Equation
Well, that matches up exactly with what we're experiencing, since we're currently back down to around $1.10 USD again for STEEM. I keep wondering if the SBD is going to break the $1 USD mark, but I haven't seen it yet. Prices seem to bounce back up before that happens.
And I agree. It's not a bad thing to have part of it liquid, even if you're just going to power it up. I do wonder at the STEEM vs. SP calculation, since they are different. Either the split isn't 50/50 at this point, or the calculation is different between the two because the amounts aren't the same.
I can't remember where I saw it but it's written into the payout calculation that if the price of Steem drops to a certain point then the amount of SBD paid out is reduced and replaced with Steem. So the split won't be 50/50.
Not that it ever was 50/50. The payouts have always been based on SBD being worth $1, so when the price of SBD sits above $1 you're actually getting more SBD than you should. :P
@timcliff wrote about it, I believe.
Oh, very true. When I refer to the split, it's more the beginning of the calculation, not the end. At the point where the curation percentage is tallied and removed and before the SP is divided by the STEEM price average.