To be fair to Steemit Inc. , they had done their best to make the whole thing pretty simple.
If SBD = $1, the whole consideration is 100 percent true. For a $100 payout, 37.5 SBD will mean $37.5 and the value of rewarded SP will also be exactly $37.5 (it still is). Curation rewards will also be equal to $25 in value.
But they did not factor in the huge presence of SBD on external exchanges which could be, and has been, subject to massive buy orders.
As far as the reward distribution algorithm is concerned, it cannot be simplified without making major changes (hardfork) and, probably, causing a huge wave of shock and reaction.
You are doing a great job at explaining the complexities of the system in such a way that it can be grasped if grappled with. I think it is a good idea and worth doing. Still, I do not think Heston was relieved when he rode up to the toppled Statue of Liberty :)
Lel... I was unaware of this :D
To be fair to Steemit Inc. , they had done their best to make the whole thing pretty simple.
But they did not factor in the huge presence of SBD on external exchanges which could be, and has been, subject to massive buy orders.
As far as the reward distribution algorithm is concerned, it cannot be simplified without making major changes (hardfork) and, probably, causing a huge wave of shock and reaction.
Your sarcasm is on point though. ;)
You are doing a great job at explaining the complexities of the system in such a way that it can be grasped if grappled with. I think it is a good idea and worth doing. Still, I do not think Heston was relieved when he rode up to the toppled Statue of Liberty :)