High SBD Value is great, but not for those who speculate on the exchanges. Witnesses feeds

in #cryptocurrency7 years ago


Today SBD value crossed over 8$, currently it is above 7$ what is fantastic if you choose default post payment option which is 50%/50% - that means 50% will be paid in steem power(vests) and 50$ will be paid in SBD. You might think, "why would I want to get paid for SBD if it is so expensive? I will receive a very small amount" Wrong! SBD price is taken from witnesses feed - you can check feed here https://steemd.com/witnesses - and currently, on average, it is 1.7$

So yours SBD half of the payout will be calculated witnesses feed, you will get more than steemit counter says. Low feeds will speed up the process of lowering the SBD price. So here is my advice, post, earn, and help steem economy.
It is important to know how the system work to leverage it and benefit more from it. Great source of such knowledge is Steemit white paper, which you can find here - https://steem.io/SteemWhitePaper.pdf
BTW. Did you know steem logo appears in 3rd season of rick and morty series?

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thanks for the explanation mate

I see it, but what is a witness feed and why is the price there so low compared to the price out in the big world?

The primary concern of Steem feed producers is to maintain a stable one-to-one conversion between SBD and the U.S. Dollar (USD)

Everything is in the whitepaper actually, it is good that SBD feed is lower than price on exchanges otherwise it would take long time to get SBD price back to 1$.

I'm going to read all the colored papers soon. I promise :)

Thanks for useful advice

hahaha muy bueno lo de Rick, buen análisis, votado

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