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RE: The Ultimate Guide To Steemit Payouts
Hi is the total vote value shown on the post displayed in USD or SBD? Thank you.
Hi is the total vote value shown on the post displayed in USD or SBD? Thank you.
It's not quite that simple. It's displayed in USD, but it doesn't take into account the market price of SBD. With 50/50 payout selected, if you earn $10 on a post, you'll get $5 USD worth of Steem Power, and you'll get 5 SBD. If SBD are trading at $1, your 5 SBD are worth $5 USD. But if SBD are trading at $10, your 5 SBD are worth $50 USD.
Thanks for reply. Why would they payout half in USD and half in SBD? Also that doesn't account for the crazy curation rewards algorithm. 🙄
No USD is paid out. Payouts are half in SBD and half in Steem Power.
Ok from above you said if a post earned $10 the 5 USD would be paid in SP and 5 SBD. Why not 5 SBD worth of SP?
USD is what the creators decided to price things in on the platform. That can be changed at any time with a hard fork. It could be priced in gold, silver, pesos, rubles, yuan, or many other things. There's a Russian form of Steem called Golos which decided to price things in terms of gold.
If you were to read the original whitepaper, you'd see that SBD was created as a smart contract that was always supposed to be worth about $1. Clearly, that's not the case, but if it had worked as planned, there wouldn't be much difference between pricing it in SBD and USD.