Very useful post for new people. I have been meaning to looking into how the payout for old posts work and didn't realize they don't pay out at all. I have def upvoted old posts. Thanks for sharing and setting me straight. Oh, and I recently got like $100 for this post but took the whole payout in steem and no steem dollars. Realized shortly after how much I screwed up...
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I'm glad you found this helpful! There is so much to learn on Steemit, I feel like I learn something new every hour! I hear you on the 100% STEEM payout option, I did it too! Im sure in the end it wont matter that much as STEEM overtakes SBD's price in the long run :)