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RE: Can We Change The UI to Display Rewards in USD?
current system is better in my opinion.
I need more time to collect SBD. LOL
current system is better in my opinion.
I need more time to collect SBD. LOL
Lol it's nice, and I have been posting about this when it passed $4, $5, and even $7, but after getting paid out for a $15 payout.. I received $12.87 TOTAL as a payout..
Which was 6.433 SBD and 4.445 STEEM POWER..
The confusing part is how we only get "50% STEEM POWER" at 4.44 STEEM, but the other "50% of the payout" that is paid in Steem Dollars is worth approx 28 STEEM?
So yes it would be nice to get 28 STEEM POWER also, but then again I'm thankful I turned 5.387SBD to 28 STEEM!!
However I do fear that this will cause a problem or a spike in STEEM soon.. Since SBD is programmed to equal $1.00 of STEEM..
That is exactly the problem ...in steemit's internal market 1SBD is worth 3.30 SP if you convert... it was like a free fall yesterday with value of Steem minus 40%. Look at the internal price now..it's 0.15 if you sell you steem in the internal market.
a friend of mine wrote an interesting article about this:
https://steemit.com/steem/@mathsinnature/rethinking-the-steemit-monetary-system-wallet
lol slowwalker, so greedy!
but honestly all that Steem will be worth a lot more if newcomers saw that posts are actually worth 5x the advertised amount here in USD
they're be much more inclined to join
more users = higher steem price
Yes I agree I was about to do a post about the effects this could have, but I am glad it is being brought to everyone's attention.. How can we inform the new buyers/new exchange that Steem Dollars are like Tether (USDT) and will always be valued at $1 of STEEM..
yes, I think it can just be a rough conversion done on the front end
it can even display your native currency and update daily or hourly etc
basically right now our rewards are high and we should advertise this so more people are inclined to join to take part here
more users = higher steem price in the long term
I agree. Why limit to US $ when we could make the option to select the currency that you use (assuming the number can be pulled from an exchange).
It would be better if it actually used the current value of SBD though, rather than what I can only assume is the expected pegged value of it. So if you're claiming 50/50, half of that is non-moving and assumed to be worth US$1, while the other half (representing the SP portion) is varying with the Steem price. If both halves varied with the actual price of SBD (even if it was the internal market's price) that would be an improvement.
the value will increase over time