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RE: Deep Dive of Steemit Tags

in #stats • 7 years ago

@eroche thanks for sharing.

I was wondering why you would want to show rewards in SBD as opposed to the number that appears on steemit next to the upvote button. In my view, it would be more comprehensive as it would capture both SP and SDB as most people do a 50/50 payout. SP counts!

7 years ago in #stats by
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     7 years ago  

    Thanks for pointing this out @liotap, the values for payouts in the graphs represent the $ value of the posts as shown on the Steemit website. Because the SBD is so out of synch with the Dollar at the moment it represents a mixture of SBD and US $. I hope we get back to the peg soon and it will make this analysis more clear :)

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     7 years ago  

    thanks a lot for the clarification @eroche! You are the only user I know who hopes SBD goes back to $1! I'm pretty sure most people feel like the higher the better (i.e. people can earn more USD denominated value from producing content).

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       7 years ago  

      For the long term health of the platform I think it's vital for users to get some stake in Steem Power as part of each payout.

      • The higher the SBD price the less of each post that gets paid in Steem Power.
        Sure there is a short term benefit to individuals but looking out over a longer time horizon it may be less sustainable. What in effect is happening is value is being taken out of the system at an accelerated rate. You no longer have to wait to power down.
      • The second issue I have is (like all cryptocurrencies) it makes it very hard to engage in any form of commerce as you cannot set a price for a good or service over any time frame with certainty.
        I run monthly competitions and it makes it very difficult to set a prize fund as I don't know what its going to be worth in a months time.
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