SteemIt Account Values Grossly Overstated

in #steem5 years ago (edited)

Has it come to anyone else's attention that their SteemIt Account values are grossly overstated? 

The Account Value shown is based on the Steem token trading at almost US $0.20 (US $0.1979 to be exact), but that is not the case. In fact, Steem is now trading at just over US $0.14 (US $0.1425 to be exact at the time of writing). https://www.coingecko.com/en/coins/steem 

So what does this mean? Well, it means that the true value of our SteemIt Accounts is almost 40% less that their stated values. In my case, my $135.17 account is only worth ~ $97.00.

It has also come to my attention, that when we transfer Steem to Steem Dollars, and vice-versa, the exchange rate is anything but reasonable. 

Yes, Blocktrades may indeed claim to charge only a 1% fee for the transfer, but what they don't tell you, is the actual exchange rate they use for the transfer. By my estimate, every time we make such a transfer, we lose as much as 20% or more of our funds, simply because we are not given the true current exchange rate between Steem and Steem Dollars.

I would strongly urge the powers that be at Steem / Steeemit to look into these matters very closely. This is simply NOT right!!!

  

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