They should remove the 7 day average and calculate the true value instantly for not confusing the people.
You are viewing a single comment's thread from:
They should remove the 7 day average and calculate the true value instantly for not confusing the people.
True.. but there is a reason for it.. the system is designed this way to defend steemit users from pump and dump schemes..
for instance if you received 10 dollars on one of your posts (keeping in view a certain price of steem) and tomorrow if steem tanks in crypto market, your 10 dollar post will immediately fall to 2 dollars.. and then lets say on next day, steem price goes up again but your post has already paid out at 2 dollars, you are at a big big loss.. so the system takes 7 days average value to keep the economy stable..