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RE: The Truth About Ridiculously High Steemit Payout

in #steem8 years ago

Hey on that author payout, my stats are this: 2786875.65 SP + 6837.991 SD = 13675.982 SD
Does that mean that I can convert 6837 steam dollars to bitcoin then to US Dollar? Why is 13675.982 also SD?
I did some calculations, and it appears that 1 Steem Dollar is equivalent to .38 US Dollar. Is that correct?

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Steem are worth 0.38 right now but Steem Dollars will be worth $1 US.

The 13k is the total value of SP and SD earned. (50/50) (in dollar terms)

But the SP I receive must stay SP for two years right?

When you power down your SP, it takes two years for that amount to be converted, that's what I understand.

104 equal payments (small drip over a 2 year period)