RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

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RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

timcliff in #steem • 7 years ago (edited)

Assuming you have read the whitepaper. All the formulas for how post rewards work are explained there.

Regarding the 50/50 payout, let's say you have a post that is paying out $10 to the author (after curation rewards are removed). $5 of that will be as SP. The other $5 will be as "liquid payout".

The liquid payout portion is normally SBD, but if the debt ratio is above 2% - then it starts to pay out a portion as STEEM instead of SBD.

If the price of STEEM were twice as high - you would be getting a $20 payout, with $10 SP and $10 liquid. The $10 SP is the same amount of SP as the $5 payout - the SP is just worth twice as much. As far as the liquid portion - if it were being paid as SBD you would get twice as much SBD ($10 worth). If it were being paid as STEEM - it would be the same amount of STEEM, just worth twice as much.

7 years ago in #steem by timcliff

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freebornangel 7 years ago

So, the value of the rshares would change the payout in the same ratio as the payout in sp.
The price changing would not affect the payout in real terms.
We get paid the same ratio irregardless of the price?

What the rshares lose in value offsets the increase the sp payout?

What i was hoping to hear was that posting when the price is low leads to a greater increase in account value as the price rises.
But, i think you are saying its a wash?

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timcliff 7 years ago

When the price is low, less users are posting - so there is probably a better chance for more rshares.

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freebornangel 7 years ago

Thank you!

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