The internal market assumes 1 SBD = $1 USD though that's not the case right now as you can see from coinmarketcap: https://coinmarketcap.com/currencies/steem-dollars/ SBD's are trading for $5.91 right now. That means 1 SBD on the external market is equal to 1 STEEM since STEEM is also trading for $5.91.
That means you have to do a little math to figure out what the real price on the internal market is. A tool I've used in the past to help with that is http://steemdollar.com/
Help me understand this Luke. Right now with the current price of Steem and Steem dollars, if someone upvotes a post and awards the author $1, it is actually $6.75 USD?
Yes, but not all of that goes to the author. 25% of rewards go towards the curator who voted up the post as Steem Power (vested STEEM) and 75% goes to the author as 50% Steem Power and 50% SBD. Of the SBD portion, yes, if it's more than what is displayed.
Makes sense, thank you!
You are amazing... Thanks for helping out with this.
good