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View this thread on: hive.blogpeakd.comecency.com
· @rok-sivante · (edited)
$6.32
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vote details (120)
@bozz ·
I have never been able to work it out myself.  I am sure you are going to get some really in depth answers here that hopefully do a good job of explaining it.  I have pretty much just decided that I get what I get and I deal with it.  It sucks sometimes, but it's more than I would have gotten had I made a post on Facebook or something like that.  I used some of my liquid STEEM a little bit ago to lease some delegations so I could increase my SP temporarily and earn some more curation rewards.  If you have enough SP curation can be pretty lucrative.
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@cst90 ·
The $ on stemmit stands for Sbd and not for USD. 

Posted using [Partiko iOS](https://partiko.app/referral/cst90)
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@rok-sivante ·
Now that *math* would make sense.

Though still, *the premise,* when there's a DOLLAR sign in front of the amounts...

*Wow.*

*Way to make things clear, simple, transparent, and easy to understand for anyone who doesn't dig to find the answers for themselves, team Steemit.* πŸ‘πŸ˜·
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@jrcornel · (edited)
$0.15
It's because the site is showing rewards as if the price of steem were $.21, so the dollar figure you are seeing isn't accurate, but it's paying them out at the rate of the actual market price. Make sense?
πŸ‘  , ,
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vote details (3)
@rok-sivante · (edited)
Nope.

If we can't take our Steem and sell *anywhere* for $0.21 - **which we can't** - then that makes no sense at all.

*In theory, I get it - when the **dollar sign** is "supposed to" represent **Steem Dollars**.*

But when we take our Steem to any actual exchange and can only get $0.12 for it...

Sorry to be so blunt, but this is straight manipulation of perception, misleading, non-transparent, and quite frankly, *bullshit.*

That we can't actually cash out our rewards for the value they're stated as without first having to convert them to Steem Dollars and then wait for Steem Dollar to get back to $1 - **if** it ever *does* - I'm sorry, this is just ridiculous.

(please understand my aggression is not directed at *you*, but the system and those responsible for such a shortsighted arrangement which makes things so complicated and misleading for the average Steemit user who sees a DOLLAR SIGN and would reasonably expect that measurement to be in DOLLARS - only to have to dig and find out where 2/3 of their rewards have gone 'missing.' I do appreciate your answer, even if it may not come across as it while I'm still responding to the issue in general.)
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@jrcornel · (edited)
$0.08
I agree that much of steem and steemit is super frustrating.

The way I understand this though is that it's a protection mechanism within the blockchain protocol when the SBD debt limit has gone over 10% to keep from over-printing steem. For that reason the price feed is currently frozen at .21, and will remain that way until those conditions change in regards to debt ratio.

For that reason the dollar amounts shown on posts will not equal what is actually paid out until steem either rises above $.21 or the supply of SBD is reduced to the point it is no longer greater than 10% of steem's total market cap.
πŸ‘  
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vote details (1)
@markkujantunen ·
$0.23
The internal price of STEEM is 0.1995 or so. That’s because the system requires the SBD Debt Ratio to be at most 10% and the price of SBD to be 1 USD internally. To make that equation hold, the internal price feed of STEEM must be kept at a little under 0.2 at present. Go to SteemWorld for exact figures.

Posted using [Partiko iOS](https://partiko.app/referral/markkujantunen)
πŸ‘  ,
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vote details (2)
@rok-sivante ·
*"Internal price."*

And this is supposed to be clear to the average Steem user / average person - and perfectly acceptable when they go to cash out their Steem on a **real** exchange and find that the value is on 57% of what has been stated...? 

*(rhetorical question. I do appreciate your clarification - even if not at all agreeing with the system itself.)*
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@markkujantunen ·
I think the problem is with the interfaces such as Steemit who stubbornly assume that 1 SBD = 1 USD. 

If you want to know the actual USD amounts, chech out your posts on SteemWorld. 

I very much agree with you that these complications suck. Back when SBD was worth several USD, the dollar amounts you see on Steemit were off by a wide margin, too, but the other way. Now that it's worth 60 cents, you get the author rewards in USD by dividing the figure by two and multiplying it with 0.6, which is completely stupid. But I guess there are more pressing concerns right now than correcting that.
πŸ‘  
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vote details (1)
@oldtimer ·
$0.20
So much about transparency. No one knows who is getting rewards and how much. With communities it'll get even worse. Look at posts on hot and trending. No comment.
πŸ‘  ,
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vote details (2)
@rok-sivante ·
πŸ™Œ

YES. And this post is coming from someone who's been here from the start and has *some* idea of what's going on. If *I'm* oblivious to such details, can anyone expect anyone *newer* here to understand either? Or for the absolute newbies to pleased when the show up, find out that their payouts are *a third* of what stated, and have no idea of where to even look for the reasons to why...?
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@raycoms ·
You are more likely getting higher upvotes now as well because more people are manually curating and not selling their votes.
πŸ‘  
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vote details (1)
@rok-sivante ·
Higher upvotes doesn't really mean shit when the majority of those upvotes are worth a penny or less and we're only getting a third of what they're said to be worth on the front end.
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@raycoms ·
That's a problem of the low steem and sbd price, that's not the fault of any hardfork though.
πŸ‘  
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vote details (1)
@raycoms ·
That's a problem of the low steem and sbd price, that's not the fault of any hardfork though.
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