Understanding How SBD/Steem Ratio effects your upvote payouts
Why does the SBD to Steem ratio matter for upvotes?
You ever notice that your upvote value chances without adding are taking away SP, are you see that your post payout amounts chance with no extra upvotes. This happens because of the way we get paid. So, we get paid in STU which stands for steem token unit and this is not the same as SBD tokens are Steem. This is the underlying value token that is stored on the Steem blockchain and goes under the name vests.
How post upvote payments work
Lets say, you have a post ending tomorrow that's gonna pay out 100 STU and you want to work out what your gonna get. First you take away 25% for curator rewards bringing you down to 75 STU. You are paid out 50/50 in SBD and SP so you would earn 37.5 SBD and 37.5SBD in dollar amount worth of SP if that makes sense.
This means
When SBD ratio is high and the price of SBD is on fire, we get paid like this
When the ratio is low and Steem is miles around, we get paid like this
Why is this important to know when you using an upvoting service like ssg-coummunty?
It is important for everyone to understand this and how upvotes are paid because we offer monthly subscriptions and the upvote you receive each day will be a different. We all know that 1 month is a long time in cryptoland and lots can change. When SBD is kicking ass, you will be writing letters to the boss telling him we quit and gonna be steemit internet millionaires. And when the price of Steem is kicking ass, your asking the same boss for extra hours.
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This is something to keep in mind for the future, if upvote's should ever fall into non-profitable, its temporary and we have to take the good with the bad.
I am @silverstackeruk and I approve this post
Credits
@buggedout, @raybrockman, @silverstackeruk, @welshstacker and @thedamus
If i was going to write my boss a resignation letter i would make it into a steemit post and just send my boss the link, might as well get paid for quitting. Steemit is there anything it cant do ;)
haha, that would be the way to do it :)
lol
"i approve this post" buahahaahah NICE!
thank you for taking the time to read and comment
but of course, im a member and you guys put out great posts! :)
Thanks for the good explanation.I was a little unsure about the increases but i wasn't going to complain. All the help is great appreciated. Thanks for sharing.
It takes a while to get your head around, im still learning
Good post. Some of my doubts simply vanished.
Thank you for the information! So much to figure out when we started with zero crypto knowledge
Thanks for explaining this so clearly. so, should I choose 100% or 50/50 for post payouts? does it make that much of a difference if I am trading in my sbd for steem(for SP) anyway?
I am kryptonian and i approve this post, though helped me.thanks
I think you haven't taken the following point into account:
When Steem value gets five times higher and same people voted up with same SP & VW, you will rather get a proportionately higher STU like instead of 100 STU it may be 1000STU.
So the number of Steem you earn will always be same irrespective of SBD & Steem rates. Increase in SBD rates do result in higher earnings of SBD as we get higher STU for our posts.
Am I missing anything here?
I've watched the worth of my Up-Votes crash in the past month or so... I see that the Value is starting to rise a bit, lately... I'm also holding back on my Steem Dollars for the right moment to exchange them for Steem Power...