RE: STEEM Token Unit (STU): When A $ Is Not A $: Plus The Damn Is Breaking On Active Users!!!!

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RE: STEEM Token Unit (STU): When A $ Is Not A $: Plus The Damn Is Breaking On Active Users!!!!

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aussieninja (69)in #steem • 7 years ago

Thanks for this.. this is something I have wondered about myself... but this leads me to slightly more confusion...

Have you noticed that when there is significant price action of SBD or STEEM that the value of our posts go up or down... do you know why that occurs? I would have thought that if my followers upvoted me to a $100 post then it would stay at 100 STU regardless of what the pairing of USD to SBD or STEEM is doing. Does anyone know why this happens?

7 years ago in #steem by aussieninja (69)

$0.77

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taskmaster4450 (85) 7 years ago

I read that the STU is based upon a 3 day moving average, hence over the time the post is open for voting, it is going to fluctuate especially when there is a big move in the price of steem or SBDm.

$0.00

1 vote

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aussieninja (69) 7 years ago

Thanks @taskmaster4450... clearly smarter people than I have thought all of this through. I'm still not really sure how that works... if I upvote you today and give $0.06 STU to this post... does that value change over the next 7 days? It could become $0.10 if there is a huge move in price action? If that's the case... there must be so much computing power over all these constant calculations.

$0.34

1 vote