<a href="https://imgflip.com/i/18rpyz" rel="noopener"><img src="https://i.imgflip.com/18rpyz.jpg" /></a>
<p>I just thought about the payout structure and if it wasn't better to adjust it. In the whitepaper you find the following:</p>
<blockquote>Payouts When a post receives a payout it takes the form of 50% SMD and 50% SP. The Steem Power give the user increased voting and transaction power while the SMD gives the user an immediate benefit in a stable currency. As we’ve already discussed at length, both SP and SMD are designed to encourage long-term holding rather than short-term selling. </blockquote>
<p>So if you have a post that reaches $ 10,000 you get 50 % SMD and 50 % SP. The SMD (SteemDollars) can be traded to Bitcoin in a few minutes. So round about 50 % of the money on Steemit can flow away in only 12 hours. The other 50 % are payed out in SteemPower which is a fixed deposit. You can get at it if you power down your SteemPower. </p>
<p>In my opinion it is a problem that 50 % of the revenue can be changed to Bitcoin in only a few minutes. The money flows out of the system to fast if you don't change it to Steem and Power Up after that. </p>
<p>I don't think with all the exchanges (Poloniex, Bittrex, HitBTC) that it encourages the long-term holding. </p>
<p><strong>Why don't we switch all to pure fixed deposits where we get 1-2 % payouts every week? So the biggest part of the money stays in the system for 104 weeks and the price will be more stable. </strong></p>