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RE: Is the Current REWARDS DISTRIBUTION Calculation OUTDATED?

in #steemit8 years ago

Hi em3. I am less than a month old here in Steemit so please excuse my inquisitiveness. It appears that a lot of members still don't really understand the rewards system judging from the response this post has generated. Some of those who agreed have reps of over 50 which makes them to my opinion experienced and knowledgeable about Steemit by now.

I definitely agree with you that we are getting a windfall from this platform. However, what the author of this post is trying to say, as I understand it, is the initial payout of the rewards is where the shortchange occur. Please read @sandalphon response to my reply in this post. His argument is that the other 50% we receive in rewards in the form of steem power should be in the amount at which if computed back to SBD would give you 37.50 and not 3.20. If you add up the two the total reward amounts to 40.70 sbd and not 75sbd. That is why he thinks the rewards system needs an update to factor in the effects of a huge disparity in value between SBD amd Steem Power.

I would appreciate it very much if you can give me your opinion on this. I have a post as a follow up to this in my blog https://steemit.com/steem/@gems.and.cookies/how-steem-and-sbd-prices-affect-your-rewards. Your comment on this will also be highly regarded. This will go a long way to my continuing education of this great platform.

Thanks and Happy New Year!