The problem is the blockchain is not currently using the price feeds from witnesses. It's complicated why this is the case, but basically, the blockchain is preventing the debt ratio to go above 10%.
It is now using supply to calculate the "median price". This is coming out to be around 40-41 cents (at the time I last checked).
market price directly from Bittrex to eliminate this problem.@therealwolf, @transisto, @yabapmatt, and I discussed this last week and changed our bots to use
The Steem Bot Tracker was also updated to reflect this change.
I do not believe all bots have changed their price algorithm to reflect this change. I can't tell you which ones do or do not adjust for this.
But the main one is paying out at a different price than what the true value is?
Isn't that ..wrong? I mean... If I was to sell (which I am not thinking) but the value that I was paid was not the value that is the true value.
I received significantly less steem than I should have.
Right?
You also have to keep in mind that SBD is only worth .60 cents so that is also being reflected as it is not pegged at a dollar. So when you typically see a payout, it's in sbd value which is less than usd value - unless you are on steempeak, then it gives you the stu value.
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Does anyone know why GINA continues to report wrong values also? or is she right and other wrong?
Does anyone know WHERE its being reported correctly? Is ANYONE using the actual value of Steem as reported on WorldCoinIndex?
So my suggestion, for more accurate payouts, check steempeak😉
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Great idea @enginewitty. Just a disappointment that steempeak can have this displayed accurately and not the original platform?
It's confusing and unnecessary. Should be fixed. If steempeak can do it .. Steemit should be able to.
It's bad for business to have numbers that don't add up readily, right?
For those that look at it as a business, yes, it's horrible. 😏
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LOL yes - well... investors will be looking at it as a business!
for the community - we are here for the community - but I know a lot of people who are community members looking to grow into minnows/ dolphins... and they like to project when that can happen by earning. (if they can also invest - awesome!)
but it helps to be able to project those milestones based on earnings. and earnings are by numbers and formulas (that are accurate)
but... if Steempeak is the alternative (and they are displaying correctly right?) then at least we have that. Seems a shame that Steemit will have to fade into the woodwork, but if it's "unmanned" i don't think anyone in their right mind would stick with it.
We will go to the places where its manned - like.... Steempeak! :) I've been impressed with them and just haven't had the right "nudge" to push me over there just yet.
Looks like that nudge came last night! LOLOL silver linings!!!
I mean... If I go purchase steem right now... I'm not paying $0.40 per Steem on block trades.
So why would Steemit pay me at $0.40....
That's a huge chunk of my payouts being withheld.
And....I'm guessing have been withheld.
I just noticed now because I was checking to see if it was a good investment for.me to promote wirh a bidbot at this time
It would have been, had I been paid the true price of Steem.
This is... Not really making sense to me.
Can you explain further?
Steemit (the website Steemit.com) is reporting based on the blockchain, which is reporting higher than it should be.
Some bots are using the blockchain feed and using this data to calculate votes inaccurately.
What you see on Steemit.com is all a UI issue, nothing is paying out incorrectly, it's just displaying incorrectly. But bid bots is a different story, they need to have an accurate price feed to calculate votes properly.
Anything you just got paid out on, happened 7 days or more ago when the problem was just being identified (It started happening around 2-3 weeks ago).
So the bottom line is...
We are getting paid as if Steem is worth 40 cents
But if we buy or sell Steem...the current market value is @23.5 cents now
Is that correct?
You are getting paid what the upvotes you receive are worth. The site is reporting that incorrectly.
So the payouts are inflated and the Steem value is inflated?
Yes but it is all a UI bug the amount you get isn’t broken. It is just displaying incorrect values.