What's Up With Rewards? by themanwithnoname

View this thread on: hive.blog | peakd.com | ecency.com

steem · @themanwithnoname · Dec 6 '18 (edited)

$0.87

What's Up With Rewards?

<div class="text-justify">

https://images.pexels.com/photos/1660504/pexels-photo-1660504.jpeg?auto=compress&cs=tinysrgb&dpr=2&h=650&w=940
*There's something missing*
<sub>[source](https://images.pexels.com/photos/1660504/pexels-photo-1660504.jpeg?auto=compress&cs=tinysrgb&dpr=2&h=650&w=940)</sub>

Did HF20 change more than I realized? 

The last I checked, if you selected 100% Powered Up, the rewards for posts and comments were as such:

![image.png](https://ipfs.busy.org/ipfs/QmdrAQkP4A7hhh2nkEGATZZtR1Bc6CdXNB4YEYhWyoKXHb)

The internal price of Steem has been the 3.5 day trailing average of the market price of Steem. I don't know if it's averaged by the day/hour/minute, but it's the average over the most recent 3.5 days. 

Here's the sticking point: this doesn't seem to be the case anymore. As you can see, the median price is locked at $0.40. 

![image.png](https://ipfs.busy.org/ipfs/QmQoCDafPw2H8sAcfKEuRixzmn792tbpr9urpfnMBoJNZV)

Source: [SteemNow](https://steemnow.com)
![image.png](https://ipfs.busy.org/ipfs/QmUhy3VWFUdZrHGW2PRvZa1g76Jpfq1okyY7T6QPwDR7pR)
Source: [SteemNow](https://steemnow.com)

The price did *touch* $0.40 on the first, but it has been in the mid-to-low $0.30 range for the last week. 

Here's a chart from [CoinMarketCap.com](https://coinmarketcap.com/currencies/steem/) showing the last 5 days. I marked 3.5 days with a red line. 

![image.png](https://ipfs.busy.org/ipfs/Qma13YhsQqNA3XTc4d3h3VB3S8aAs8KeBFaPSTje3qnQmu)

The price 3.5 days ago was around $0.35 and is now below $0.30. That means the median price should be around $0.32 based on the fluctuations. 

So what gives? On a post with a payout of $10, $7.50 should be going to the author, and if the system continues to use $0.40 as the internal price rather than the average, that means it's costing authors around 4.5 Steem Power in payout. It's also costing curators around 1.5 Steem Power. 
<br>
_______________
**- Does anyone know why this is happening?**
**- Also, when did the change occur?**
**- What's the reason for setting the median price higher than it *actually* is?**
________________________
 [![Ono Small.png](https://steemitimages.com/DQmSZkBrCje4bLq1jo9cKVk5EEmntCnLACBfKTZiNLAXZL5/Ono%20Small.png)](https://steemit.com/@themanwithnoname)
@themanwithnoname

</div>

👍 ssg-community, steem-ua, busy.pay, steemcryptosicko, davemccoy, summertooth, tbnfl4sun, sbi2, silveringots, brian.rrr, janton, matthewwarn, silverstackeruk, ronaldoavelino, zapncrap, curx, beekerst, winterpeach, unleashpower, merlin7, sergino, safetyseed, xericparrot, greatestspicy, votes4minnows, sharinglife, macvecino, mcoinz79

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properties (23)vote details (28)

voter	rshares	pct
busy.pay	250,902,946,883	1.21%
tbnfl4sun	25,200,742,835	15%
brian.rrr	16,296,417,397	1%
mcoinz79	51,126,689	1%
summertooth	32,489,663,175	51%
silverstackeruk	4,829,709,098	30%
zapncrap	3,795,626,632	5%
matthewwarn	7,752,271,950	15%
curx	3,408,956,896	5%
davemccoy	72,421,742,240	100%
winterpeach	1,994,309,728	100%
ronaldoavelino	4,657,376,741	3%
sbi2	24,527,925,551	3%
beekerst	2,241,740,959	100%
unleashpower	605,401,031	100%
janton	9,120,411,352	25.4%
silveringots	22,473,441,329	75%
sergino	523,371,518	2%
ssg-community	480,891,692,921	10.8%
greatestspicy	482,078,183	100%
sharinglife	367,948,780	100%
xericparrot	482,213,412	100%
merlin7	565,662,641	0.03%
steem-ua	365,016,201,891	2.96%
votes4minnows	461,178,906	3%
steemcryptosicko	114,183,270,906	37%
safetyseed	485,868,060	100%
macvecino	85,795,823	100%

@janton · Dec 8 '18

I have no clue sir Blondie and does anyone really? Hey what is Steem rated anyway? On some lists they have the top 20 coins or whatever? I don't even know who has those, I was just curious where it was rated after the last week announcements and such.

properties (22)

@pjau · Dec 6 '18

$0.03

I noticed it too a week or so ago. I was told it's just how it is worked out. Which is not a very good answer @guiltyparties.  Lol

👍 dustsweeper, themanwithnoname

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@themanwithnoname · Dec 6 '18

I've been thinking that something was off, but it was just in the back of my mind. I also saw it about a week ago, but we were closer to $0.40 so I thought it was probably just a mistake. Now that we're down at $0.26 and the average closer to $0.30, it's clearly off. I'd love to know what's going on. Also, where is the extra Steem going that should be getting paid out to us?

properties (22)

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@pjau · Dec 6 '18

> Also, where is the extra Steem going that should be getting paid out to us?

No idea, if the chains code can't even work out a 3.5 day average can we really trust that is paying people correctly to begin with? The pool is supposed to **average** out payment depending on usage and history.

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1 reply

@ssg-community · Dec 6 '18

Thank you for your continued support of SteemSilverGold

properties (22)

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@steem-ua · Dec 9 '18

#### Hi @themanwithnoname!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 3.853 which ranks you at **#4327** across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 216 contributions, your post is ranked at **#84**.
##### Evaluation of your UA score:

* You're on the right track, try to gather more followers.
* The readers like your work!
* Good user engagement!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**

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@steemcryptosicko · Dec 6 '18

Thank you for using CryptoSicko the sickest delegation and subscription upvoting on Steemit. Full details can be found at @steemcryptosicko

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@summertooth · Dec 6 '18

@ned happened, and keeps happening.
# :(

👍 themanwithnoname

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@themanwithnoname · Dec 6 '18

Ha ha ha! 

Classic!

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@summertooth · Dec 7 '18

You rule @themanwithnoname!

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1 reply

@themanwithnoname · Dec 6 '18

https://memegenerator.net/img/instances/x300/82436490.jpg

👍 summertooth

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@tbnfl4sun · Dec 6 '18


Posted using [Partiko Android](https://steemit.com/@partiko-android)

👍 themanwithnoname, guiltyparties

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@themanwithnoname · Dec 6 '18

Your comment, like our rewards has disappeared. Ha ha ha. :D

That made me smile.

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@tbnfl4sun · Dec 6 '18

I still haven't figured out why sbd is not at a dollar, l thought it was supposed to pay interest to bring it up to a dollar.

Posted using [Partiko Android](https://steemit.com/@partiko-android)

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@pjau · Dec 6 '18

SBD is always worth a dollar in the blockchains calculations. The value you are looking at is the exchange price that people trade each other for.

Interest is set to 0% by most of the witnesses right now.

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@themanwithnoname · Dec 6 '18

That is because they changed the vision after the original whitepaper was published. Apparently most groups don't update their white paper. SBD is supposed to be not more than a specific percentage of Steem's market cap, so when it gets over that point, SBD stops printing. If it gets past 10% of Steem's market cap, then it (goes off of Steem's price, not off $1 in terms of whether or not interest is given). I'm not sure on the last part. There haven't been clear explanations for it.

Personally, I think SBD should be $1. Period. It would incorporate a stablecoin element to Steem which would make it more attractive for businesses to use Steem because they could charge in SBD and know they're effectively getting $1.

properties (22)