From what I dug up its supposed to be tied to the current Steem price like all other coins do. I think maybe the ticker system is lagging but I been watching this for a few days and more so today. I lost about $50 on a post today so that has me questioning this one lol and its still dropping. My payouts seem fine but unsure because due to the way its working I am confused on what should be what lol
You are viewing a single comment's thread from:
All I know is that is does not go up and down when steem does, it's on a rolling average
Gotcha, that makes sense. So basically if we stay at the price we are at or higher in a few days the average should turn around. This part I wasn't aware of. So used to most coins paying out at current prices. I worked in PIVX and we did our staking rewards linear but with a tie to prices buried in the code so I wasn't sure what was going on here. Hate to worry people but I had a lot of people asking me this all week and I was not aware of this one lol. Hey can't find out unless you ask the community sometimes. Thanks my friend, eases the worry I had
No worries mate, I had the same concern a few months back till someone helped me out.
They should steemit university courses
LOL they should. That is a hidden gem in the system. Actually now something I wondered last night makes more sense. I had a small payout that came to what it claimed as $5 in SBD, I sent it to blocktrades to my Bitpay account and it ended up being about $10, I thought I beat the system lol. Now it makes sense, its the old volume vs high price thing. Low payout you get more coin due to the lower price so the volume increases...so you see low but current market value brings you back up due to having more coin lol.
Luckily I been in crypto enough to get everything and help people but I had no set clue how this payout potential was built under the hood. Now I think I got it lol...thank you for that. I hope my post here doesn't spread panic but I will inform the commentators what you told me as they come in. Damage control all day if need be lol
Hahaha man you know a lot more about this than I do, I understood about half of what you just said. The mind boggles ;o)
lol. I guess working in a coin with their marketing and having to promote it rubbed off on me, I had to crash course a lot of math and lots of weird crap in PIVX lol. So I grasp these things a little strangely . Its basically the balance system. In crypto if a coins value is lower you get more actual coin....value goes up you get less of that coin volume. Like if BTC was $1 you would get 1 BTC for $1 but now we are up to almost $3000 there so we get that crazy .0001 junk satoshi. Less volume but worth more. How I see it, we are actually making a little more than what the potential payout is saying if you take it to market when its a low payout. You got more coin and can sell higher than what that system is doing with the average. Lost you didn't I ? lol. Its a good thing, maybe a little bad if we skyrockets up to $10 abruptly for but it would reaverage.
Wow my brain just over heated, I'm gonna have to stick a pin in that one #:o)
I will come back to it tomorrow when I am not so tired, thanks for trying
@sflaherty SBD is recognized by steemit as 1$, but on exchangers it worth more than that. That's why your $5 SBD is amounting to 10$ outside steemit.
Oh I get that, but the volume was past $5 worth, at market the value was only $1.40 ish when I sent it last night but I actually received almost 6 SBD for an amount around $4.75 SBD payout. So its that volume balance thing. Basically all my payouts today have been a little higher than what its saying the payout is in value. Its a bit overly mathed up lol. In crypto when something is valued less you get more in actual decimals for the coin value, when higher your usual coin volume is goes down due to the market balancing system. Even with the ammount tied to the market version of SBD at $1.40 as it was with my transaction last night, I ended up getting more volume so it put it more than double the price. I am probably not making sense lol but I am meaning in volume not the value of market price when it comes to the higher pay on lower percentage.
Got it