A little bit of a green day today.
STEEM has gone up 25% percent from it's low of $1.50.
My investment plan is still unchanged.
What people have noticed is that the payouts have changed on the steem blockchain.
You now get a little bit of STEEM with your payout as well.
I believe it has to do with the massive amounts of SBD's that have been printed lately.
This is my personal simplified explanation.
An SBD is always worth $1 dollar worth of STEEM through a convert function build in the blockchain. (it's removed from the website currently but it's possible).
So that means that with the use of this function 1 SBD at a STEEM price of $4 convert to 0.25 STEEM.
or
1 SBD at a STEEM price of $1 converts to 1 STEEM.
or
1 SBD at a STEEM price of $0.25 converts to 4 STEEM.
Now it's easy to see that when the STEEM price goes lower more STEEM is needed to back up the debt (SBD).
That's the reason why you now get a little liquid STEEM and a little less SBD for your post today and I expect this to increase if STEEM goes lower in price.
SBD print rate is now 97,66% instead of 100%.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
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I was thinking last night when I saw this and thought that i'd appreciate you giving a vlog on this subject - I was not disappointed :D
From what I understand this change is acting as a parachute to steady the fall? And I presume the SBD print rate my fall as a % if we see further falls in STEEM.
Really cool to see the mechanism in action even if the current prices don't look so great compared to recently.
Cheers!
i'll keep it short because I don't want to be called a toady 😂 But hey, 250 episodes, that's pretty impressive! 😊 🥂 💪🏻 congrats!!
Thank you!
Yeah, finally today we saw something green otherwise everything was red.
Bitcoin is also up from $7k and steem is touching $2.
Don't know what is happening with steem and SBD in payouts. I have always tried to understand this mechanism but always end up confused lol
Hi,friend ,i think this is the beautiful time for purchase of steem,so today i had brought 145 steem from indian rupees and powered up my account by following your steps.You are my inspiration ,thanks for the updates.Wish you a very beautiful day ahead.
That's a good investment, colleague @maya7
Am really happy seeing you writing about the increase of the Steem on post pay out today, because I also noticed the increase yesterday when I got my post payout. It's really good you help in explaining much about it on your blog today, minnows will find it helpful.
Thanks for sharing @exyle
Thanks for the explanation about the Steem we started to get as rewards lately. I have one question though. I know Steem has a certain inflation, which is supposed to drop continuously until it reaches zero. The new Steem rewards mean more Steem is produced, so, at least for a while inflation increases, right?
I think it's compensated because a little less SBD is printed.
Thank you for your explanation!
Vlog 250! Congratulations! 😎🎉🎈
thanks!
Great to see the green market back again and also more great to see little steem in there its just balancing the rewards as system of steemit think the price of sbd is $ 2 still but in real its low so to sum up things i think liquid steem is being rewarded
wow,exyle you are always great sir.your experience always helped to doing all steemians friend. you alltime solved big problem in any situation.you are a success person in the world of steemit.this is a good information of Getting STEEM as a payout next to SBD and SP about green market today.your good information helped me my steemit work doing properly.i am no compared your quality any other person.because,you are a real hero in the steemit platform.i salute your good work.thanks to sharing for your good post..good job sir.@exyle
Oh, so that's how it was. I was wondering why we suddenly started to get steem together with other rewards.
Thanks for the info as always :d
@exyle,
I also noted it! Thanks for I found a nice explanation why we got extra STEEM! At the moment it's a good way to build our SP! After all it's our investment! Great you decided to talk about this!
Cheers~
How are we supposed to deal with the tax nightmare of accounting for all this?
lol, yeah that is tough to explain to your accountant :).
Thank you, exyle for explaining the concept of the additional payout which is the Liquid STEEM. I was surprised by this newfound thing and it was assuring to know that it is only taking out 3% out of the SBD payout. Upvoted!
Now i get it thanks to you, and hey! Congrats on your 250th vlog bro
Thanks!
Steem has done good recovery today but still more work need to be done.... Hoping that the launch of SMT's may restart the bull run for STEEM.
I never tought I was going to see steem this cheap again, I'm taking this as an opportunity to power up.
Not gonna lie, I am pretty pissed that I bought Steem when it was $6-7. That definitely hurts to think about right now when I could've gotten so much more. I can only focus on myself and grow as a person.
Thanks for sharing
So informative but I would think they’d print more SBD over Steem since it’s currently worth more? More supply would also drive the price down and closer to the $1 intended value? Maybe I’m not getting it...
Click the Image Below
we need to find a bottom
Hoping for a turn around from steem and SBD.You have shown something very tricky.It's good to get some of my payment as steem.Thank's for sharing.@upvoted
Sincerely @exyle I noticed it today and was suprised, but now I know better. I think i like it though been shared among all three steem, sbd and sp. All plans still remains the same. Thank you for the explanation
Good post. I recommend that you look at me
Good point, my buddy and I went on a spending spree and bought a lot of great stuff with all our virtual currency! Check out all the bling in this video: https://d.tube/v/nerdstalking/abr9wlet
It looks pretty funny to see the rewards split like that :)
I just realized this!! I didn't understand until now that I read your post. This new way of delivering profits is good, it's a good balance...
good movie !
Oh my GOD ..this is best news and Thanks for sharing such a nice poem and nice POST..!! @exyle
Everyday more and more sbd have printed out but I am wondering why the sbd price compare to steem is high.
I'd been wondering about that. Thanks for the explanation! Still not sure I fully understand it but I think long term, Steem is the better one to hold on to
I’m looking at this as I do Silver, I haven’t had the chance to buy more steem, but have plans to get some more Silver hopefully Litecoin before things go back up, it just seems to be a buy time
Crypto will take off, and sbd will more than double. We are in a slump with crypto, it’s the best time to buy, I think.
Thanks for sharing.....actually present time market not so well, I can't understatement this market.i appreciate your writing. Best of luck
For me, getting more steem from post payouts is a good thing but this bound to change when the prices start going higher.
I have personally decided to take your posts on btc and altcoins predictions a little more seriously, seeing how the price of btc and altcoins have steadily dropped this month.
Oh... I have been wondering of lately too....
Thanks for clearing the grounds about the issue.
Uhhm, really? If I go to "Market" I get 0.9 SBD for 1 Steem. It doesn't sTeem to matter, we Steem Tethered to BTC no matter what. Greetings!
very informative once my friend ,,, hope the price gets better ,,,
Thanks my friend for sharing this information,,,
No well thank you for providing with the information. It is a good thing that steem gas moved up about 15%, I pray for more of the increase.
So SBDs now will be a little less than usual, well at least this descent is not permanent.
Was a bit surprised as well but I'm hoping for the better.
cool this is because sbd price has gone down lower but i guess its for a short time only
I was surprised when I saw steem, SBD and SP as post payout, this is a welcome development. Nice, I hope both SBD and steem rise soonest
@exyle Mark you are patient and you will be rewarded. I think STEEM may come back down we will see........
Another busy day from the boss himself,more from you boss..
Nice @exyle
i want to like you help me to rise up 👍
Thanks for the update. I'm going to take advantage
Interactive.
how it possible newbie
you deserved a lot votes and followers bro ! great post
Nice video!