That's a very detailed response, thank you! Although I was aware of most of it, many people aren't and you did a great job of explaining it. Hopefully that's something that can help others as well.
When I said SBD was pegged to Steem and not $1 anymore, I was referring to something that Smooth said in regards to why interest was not being paid on SBD. Previously when the price of SBD was below $1, interest was paid on it. However, now that the debt of SBD is more than 10% of Steem in circulation, he was saying that SBD was pegged to Steem, and not to $1. Maybe I misunderstood what he was trying to say.
Regardless, I was attempting to determine if this meant there was extra rewards to be earned by posting 50/50 even though SBD is priced below $1.00.
Thanks for the detailed response. I'm aware of the difference in how the rewards were paid out, but after HF20 there were some changes and I was interested in how those impacted rewards.
Smooth had talked about how SBD interest wasn't being paid because SBD was no longer pegged to $1, but pegged to Steem instead as a result of passing the 10% debt threshold. I was curious if this impacted the rewards payout of 50/50. Powered up wouldn't have changed as that's all in SP, but I was curious if the 50/50 option had an area where it was more advantageous to use it (much like when SBD was above $1 before).
I'm not sure if the graphics you included are yours, but the second one should say "100% of Author Reward in SP" not 75%. The 75% is of the Total Post Rewards.
The rewards algorithm is more complicated than just how a person wants their rewards. Previously, Steem's internal systems always assumed that the price of SBD was at $1.00 because it's supposed to be a stable coin, and therefore always at $1.00... or at least $1.00 of Steem. So whenever the price of SBD was lower than $1.00, you got more rewards by posting 100% powered up. And when the price of SBD went over $1, you got more rewards by posting 50/50, because even though the half that got paid in SBD was based on the price of SBD being at $1, it was actually higher.
Things have changed, so I'm just trying to find the new way to maximize rewards. Though your answer wasn't what I was looking for, I appreciate your attempt.
The rewards algorithm is more complicated than just how a person wants their rewards. Previously, Steem's internal systems always assumed that the price of SBD was at $1.00 because it's supposed to be a stable coin, and therefore always at $1.00... or at least $1.00 of Steem. So whenever the price of SBD was lower than $1.00, you got more rewards by posting 100% powered up. And when the price of SBD went over $1, you got more rewards by posting 50/50, because even though the half that got paid in SBD was based on the price of SBD being at $1, it was actually higher.
Things have changed, so I'm just trying to find the new way to maximize rewards. Though your answer wasn't what I was looking for, I appreciate your attempt.
The rewards algorithm is more complicated than just how a person wants their rewards. Previously, Steem's internal systems always assumed that the price of SBD was at $1.00 because it's supposed to be a stable coin, and therefore always at $1.00... or at least $1.00 of Steem. So whenever the price of SBD was lower than $1.00, you got more rewards by posting 100% powered up. And when the price of SBD went over $1, you got more rewards by posting 50/50, because even though the half that got paid in SBD was based on the price of SBD being at $1, it was actually higher.
Things have changed, so I'm just trying to find the new way to maximize rewards. Though your answer wasn't what I was looking for, I appreciate your attempt.
View this answer on Musing.io
That's a very detailed response, thank you! Although I was aware of most of it, many people aren't and you did a great job of explaining it. Hopefully that's something that can help others as well.
When I said SBD was pegged to Steem and not $1 anymore, I was referring to something that Smooth said in regards to why interest was not being paid on SBD. Previously when the price of SBD was below $1, interest was paid on it. However, now that the debt of SBD is more than 10% of Steem in circulation, he was saying that SBD was pegged to Steem, and not to $1. Maybe I misunderstood what he was trying to say.
Regardless, I was attempting to determine if this meant there was extra rewards to be earned by posting 50/50 even though SBD is priced below $1.00.
Thanks again for your response!
View this answer on Musing.io
Thanks for the detailed response. I'm aware of the difference in how the rewards were paid out, but after HF20 there were some changes and I was interested in how those impacted rewards.
Smooth had talked about how SBD interest wasn't being paid because SBD was no longer pegged to $1, but pegged to Steem instead as a result of passing the 10% debt threshold. I was curious if this impacted the rewards payout of 50/50. Powered up wouldn't have changed as that's all in SP, but I was curious if the 50/50 option had an area where it was more advantageous to use it (much like when SBD was above $1 before).
I'm not sure if the graphics you included are yours, but the second one should say "100% of Author Reward in SP" not 75%. The 75% is of the Total Post Rewards.
Thanks again for your response! I appreciate it.
View this answer on Musing.io
Thanks for your response.
The rewards algorithm is more complicated than just how a person wants their rewards. Previously, Steem's internal systems always assumed that the price of SBD was at $1.00 because it's supposed to be a stable coin, and therefore always at $1.00... or at least $1.00 of Steem. So whenever the price of SBD was lower than $1.00, you got more rewards by posting 100% powered up. And when the price of SBD went over $1, you got more rewards by posting 50/50, because even though the half that got paid in SBD was based on the price of SBD being at $1, it was actually higher.
Things have changed, so I'm just trying to find the new way to maximize rewards. Though your answer wasn't what I was looking for, I appreciate your attempt.
Thanks for your response.
The rewards algorithm is more complicated than just how a person wants their rewards. Previously, Steem's internal systems always assumed that the price of SBD was at $1.00 because it's supposed to be a stable coin, and therefore always at $1.00... or at least $1.00 of Steem. So whenever the price of SBD was lower than $1.00, you got more rewards by posting 100% powered up. And when the price of SBD went over $1, you got more rewards by posting 50/50, because even though the half that got paid in SBD was based on the price of SBD being at $1, it was actually higher.
Things have changed, so I'm just trying to find the new way to maximize rewards. Though your answer wasn't what I was looking for, I appreciate your attempt.
View this answer on Musing.io
Thanks for your response.
The rewards algorithm is more complicated than just how a person wants their rewards. Previously, Steem's internal systems always assumed that the price of SBD was at $1.00 because it's supposed to be a stable coin, and therefore always at $1.00... or at least $1.00 of Steem. So whenever the price of SBD was lower than $1.00, you got more rewards by posting 100% powered up. And when the price of SBD went over $1, you got more rewards by posting 50/50, because even though the half that got paid in SBD was based on the price of SBD being at $1, it was actually higher.
Things have changed, so I'm just trying to find the new way to maximize rewards. Though your answer wasn't what I was looking for, I appreciate your attempt.