Post Payouts: To Power Up 100% SP or Split 50/50?
I started to take 100% Steem Power post payouts. But I realize it's not the best option to take. The reason I did so, was because SBD is worth less than a dollar. So right now in terms of current monetary value, a 100% Powered Up post will give you a more equal value to what your rewards are.
Let me explain. The 50/50 post payout gives you an equal amount of SP/SBD based on the ratio of the value of STEEM to the assumed value of SBD at $1. If STEEM is worth $1, then a $2 author rewards gives you 1 STEEM and 1 SBD. A $5 author reward will give you 2.5 STEEM and 2.5 SBD.
If SBD is worth less than $1, it doesn't matter in the post payout, you still get 1 STEEM and 1 SBD for a $2 payout. But your 1 SBD isn't worth $1. So at the time, you get less monetary value. BUt that's only while SBD is low. The 1 SBD is still 1 SBD. And if you hold onto it, when SBD goes back up to or over $1, then you don't lose anything.
So right now, a 100% SP post payout will give you a better monetary value since SBD is worth about $0.93, giving you $2 worth of STEEM at it's current value, which is like close to 4 STEEM. A 50/50 payout will give you half in STEEM, and the other half equal to SBD at $1, even if it isn't.
But I'm going back to a 50/50 payout. SBD will return to it's $1 value I suspect in some time. Otherwise, if you think SBD will never go back to $1 or higher, ever, then you should start doing 100% Steem Power posts. It's up to you. I just realize that the current monetary valuations that split the rewards and gives me less value in terms of SBDis only because of the current value of SBD. Holding onto SBD and waiting for it to go up means nothing it lost.
Thank you for your time and attention. Peace.
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I am going for 50/50 because I need the liquid rewards to buy SBI shares in a couple of weekly initiatives I'm doing.
Hehe, good choice then
That's good!
What initiatives are you supporting?
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I am entering the Pay It Forward Contest regularly and the people I feature receive a SBI share each, even if they aren't picked as winners.
I also try to do a weekly roundup of undervalued artistic works and put them to a voting. The 3 picked by the community receive a SBI share each, at least. If the post generates enough for more, I buy them more than 1. The first week I distributed 7 SBI shares. The second was not so good, it was just enough to give a SBI share to each of the 3 winners.
now all we have to do is get steem monetized with good content creators... but alas, it is elusive
You are right but steem upvote became a business, you can't get upvotes unless you pay , doesn't matter how good your content is
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this type of thing is the anchor holding steem back
Yeah, and the rich ppl love it, ruining the potential of the platform to be something better.
It makes sense to me. I suppose it depends on how long you want to keep theSBD. I used to keep the SPD long time until I got scammed about 9 months ago. I lost 663 SPD from the scam fishing. Anymore now just to play it safe I put it into steam power. Thanks for sharing. @krnel
Sorry I am a beginner. What is the scam fish?
Someone scammed a bunch of my steam dollars and I never got them back they sent me to a different site that I thought was steemit
That blows!
I think that’s a good thought, I’ve powered up a couple of my coins to Steem for the times when the value of the currency comes back. I like having a good value to my upvote since I don’t plan to take any money out I would like to give people the best votes I can.
Yeah, powering it all up is good to make your vote count more and more.
A tenuous assumption...?
Yup, which is proven to not hold up ;)
Thank you for this article. It is great advice. I am new to steemit. This article feel on my lap. Thanks a million. Keep it up.
You're welcome.
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The best option is to stay at 50/50 for me, it is always good to have liquid available to pay for SteemMonsters cards for an example.