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RE: Understanding How SBD/Steem Ratio effects your upvote payouts
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?