1 SBD = 1.058 STEEM - And The Color Codes In Steem.Supply
SBD and STEEM are coming very close to one another. At the moment of writing: for 1 SBD you could get 1.058 STEEM. Here's a screenshot of these prices taken a few seconds ago on steem.supply:
If you have a feeling that something is different about that part of the page, you are right. The price of the STEEM is displayed in a different color: blue. Until a few hours ago, it was in green.
Well, this is on purpose. Actually, there is a little feature built in the code that allocates 3 types of colors, for different ratios.
- if SBD is less than 0.95 STEEM, the color is red
- if SBD is higher than 0.95 STEEM but lower than 1.05 STEEM, the color is blue
- if SBD is higher than 1.05 STEEM (as it was for the last few weeks, the color is green)
This feature was intended as a quick visual clue about the relationship between SBD and STEEM. The rationale for picking these colors was:
- red for a cheaper SBD
- blue for a relatively equal SBD / STEEM
- green for a very expensive SBD
Ideally, these ratios should have been calculated in relationship to the USD, since SBD was intended to be pegged to it, but since it was so far off, I decided it's better to use STEEM as a quote, and SBD as base.
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So I feel like I asked something similar to this a few weeks ago when 1 SBD equaled 2.5 Steem, but now that it is a reality I feel the name to clarify. So basically once 1 SBD value drops below 1 Steem value, we get higher reward value from doing the 100% power up option on posts?
I don't think so...
When you do 100% power up, you don't get SBD anymore. So instead of getting 50% worth of SP, you get 100%.
Suppose your author cut is 7.5 STU. In this case STU is actually meaning USD, as in you have to divide 7.5 to the price of STEEM, and that's the amount you get. In our case 7.5 USD /6.2 = 1.19 SP. So you basically get 7.5 USD, period.
But if you would get 50 / 50, you still get 3.75 SBD, or 3.75 * 6.3 (if SBD price would be equal STEEM price) = 23.625 USD. Plus 3.75 USD / 6.3 = 0.59 SP.
Hope this is clear :)
That was clear! Thank you, looks like I will always stick to 50/50.
Well, then if STEEM is higher than $1, going 100% is pointless. Great!
Yup, I noticed that too as soon as @dragosroua added the STU feature to Steem.supply website.
Please bring back the day when 1 SBD gave 6 STEEM :(
I'll do my best, but I can't promise anything :)))
So you think you can do it? Not saying you can't but I don't to know your plan.... I don't know if I like it right now that SBD worths +$5 but I'd like that Steem worth more than SBD all the time!!
PLEASE !!!!
1:1 ratio i hope to get some more steem during this period and this color codes will help me a lot
I am very surprised at the way Steem is growing everyday if it continues this way then we don't know what to expect
I was there when 1 SBD = 1.111 Steem.
SBD was supposed to stay near $1. But, all that was planned for was the lower floor of always being able to be traded for one dollar of Steem. I do not know if we will ever get back there. If we printed 10x as much SBD, it probably still wouldn't work.
The "peg" may be a soft one, not a hard one. By "hard", I understand something that is automatically linked to a certain level, like 1 SBD = 1 USD, and it's backed by real assets, and by "soft" I understand: 1 SBD = x amount worth of STEEM, at whatever the price of STEEM is. I think we've always been in a "soft" peg.
@dragosroua Thanks for the info and i wish we get more
The colour code is green. I think is expensive.
Yeap, it's above 1.05
Yes, it is much easier to see with the colors, thanks or the update
Btw but @dragosroua what impact it has for the community, that the relationship between steem and SBD is equal or may even be less than one
it means the importance of Steem Power is getting more evident.
Yes, I wish I had deducted it before :P
Thank you for answering me :D
I miss when one sbd could get me 6-7 Steem
Haha little things like that I would have never noticed. Thanks for the heads up, now I'll be watching for cheap SBD.
awesome... but i've still got some tears, i want my SBD wealth to return !
buah buah !! (-: