Hey Steemit,
As of this writing, the price of SBD is $1.95. Still very much over the $1 it is supposed to be. But I'm always thinking, and here is another idea that might help create those Steem Dollars that are so much in demand.
We should add an option to specify a 75% SBD/ 25% SP payout.
Current Options
- Power up 100%
- Default 50%/50%
- Decline Payout
New Options
- Power up 100%
- Default 50%/50%
- 75% SBD / 25% SP <----------- New!
- Decline Payout
Yes, this option will do exactly what you think. Your post payout will be 75% in steem dollars and only 25% in Steem power.
Of course, this is just a suggestion to the system, you might not get 75% /25%. If the price of Steem falls, and the SBD print rate goes down, then you might only get 50/50 anyway, or even no Steem dollars if the price sinks and the print rate goes to 0. This is also true with the Default option. (It already seems like ages ago that this happened.)
This would require a hardfork of course, but worth considering. What do you think Steemit?
Love the New Badge - So COOL
I think, but i can do a mistakes, worth tha 75/25 % it's better a customize opition where you can decide how much sbd and Sp you would
Wow, didn't know steem price so high.
Time to cash in. Maybe
Nice Badge there @neoxian
I'm still trying to wrap my head around this. Can you tell me if this is correct?
The price of Steem is currently $2.21 and the price of Steem Dollars is $1.97.
Yes, that's correct.
New sheriff in town ey? Nice Badge.
I read about it that they want the value to be equal but it's hard for me to understand why, can anybody explain that ?
SBD (Steem Dollars) are supposed to be equal to one US dollar. This is because many people in the world are familiar with the US dollar and it's worth, so it's a nice easy currency to work with. SBD was supposed to be a stable currency you can transact in without all those wild fluctuations that cryptos are prone to.
Thnx alot, makes sense and very clear answer!
I believe the reason it shouldnt be done and probably wont is so that at least half goes straight back as an investment. Its a good thing that it takes time to turn Steem Power into steed. I get what you are saying and its worth considering but i lean toward more steem power.
If you like Steem Power, that's great. In the new system, you could still opt for 100% power every time.
I do agree that each individual should be able to decide for him self. At least with your proposal its not 100% SBD so some would be locked into steem power. Good idea none the less
I think 50/50 still a good thing consider it as an investment. But to motivate writer to create more articles 75/25 should be an option. Nice thought. 👍👍👍
I am also interested in 75%SBD and 25%SP option but It is not in our hand.
I would like this feature, better for people that use Steemit to supplement thier income. Upvoted and followed.
Custom badge looks PIMP!
Haha, thanks yea I love it. And I finally remembered to use it.
thats funny cuz i was staring at your shark. I am jealous. looks nice
it would be great to have that option
Much better if 100% SbD. what you think?
That's an interesting idea, and I thought about that. But it's a bit more extreme. I'd like to see 75/25 implemented first and if SBD is still too high, we could look into 100% SBD.
Seems like that would put down side pressure on the SBD. We could try it for a while and see what happens.
That's a great idea. Give the community an added choice. Many prefer steem power but still would like to receive steem in the process. The 75/25 model would be great.
Great idea!! We would make much more if they added that feature!!
@nba05 Steemit's 13 Year Old Blogger!!!
Interesting idea, how about letting the author manually change the ratio to anything that person wanted?
That's an interesting idea too, might be more complicated to implement though.
Probably would be, but I like full flexibility.
I'm in.
A sliding scale to keep things in check were the price to drop is a good idea, imo.
hey neox, since you are such a finance buff: Why dont we just get rid of SBD? Cant we hardfork it out of production or something?
I think only using Steem would be much better. Im in one month and im still confused on SBD because the value of a post changes. This would not happen if we would get Steem, would it?
Im good with numbers, you can hit me as hard as you want, daddy :3
The SBD is a very important part of the Steemit system for a couple reasons:
Thank you for the detailed answer. I thought I replied 2 hours ago. I dont even got a saved draft of what I wrote, really strange however:
I remember when I got really psyched, when my first post made about $3 and when i found out that Steemdollar are even worth more than USD. So I guess it is good for starters.
I think I might just be at a point where I should look more in the techinical side of crypto and Steemit in specific. Steemit is the first thing I ever mined. Can you point me to any data/post about the technical relation of Steem and SBD, Senpai?
I would read:
That get you started.
Much to read. Very Informative. Steem Dollar deserves name because it is a debt like the real Dollar. Exactly what I wanted. Gonna read more. @neoxian good guy confirmed!
Somone had great future of limit payout . He tested on 3$ . Reduse payments over 3$ . Even i think not many people will use it .....
Before making such changes it's good to perform statistical research.
How many steemians changes that option?
What is the weight of steemians who changes that option?
With this data a model can be created and quantitative analysis can be performed. I guess that obtained data will be quite precise depending on timeframe.
Most of time i support more flexibility.
great :)
Wow, thanks for sharing..
Is the best informartion..
Upvote and Resteem!!
Dear friend @neoxian, have a nice day...
Thank you very much @neoxian for your information
Very good posts from you @neoxian
Good job ^_^
Hello @neoxian ! I'll share/resteem all your posts if you can follow me and resteem too my future posts ,you're the best ,thank you and hope we'll help each other ! I wish you have the best posts !