RE: [ENG]The psychology of investors applied to Steem. // [ITA] La psicologia dell'investitore applicata a Steem.
The system does not use the median price to calculate the amount of steem earned, It uses it t calculate the amount of sbd when applicable. You are confusing cause with effect. Check one of your posts with similar steem payouts at different median price points.
In your example if we use the median price and multiply it by the steem earned you get the dollar amount that you see. If you divide the dollar amount by the feed price you get the amount in steem. Division and multlipication are inverse operations. It doesn't mean that the system uses the feed price to calculate the the amount of steem in the payout of any post. If it did the inflation rate would skyrocket when the price goes down...it doesn't...that is a fact.
I am done with this discussion.
The lower is the value of steem, lower our post will earn because our vote value are less valuable (but it doesn't mean that we earn less, because less contributor participate at the split of the rewards pool). That keeps inflation in check.
I am done with this discussion, too.