Instead of seeing the $40.72 and only having $30.87 deposited in my wallet, I get the instant gratification of $49.08 being deposited.
You get 49.08 SP deposited. These are worth 49.08 * 0.53$ (just checked at bittrex https://bittrex.com/Market/Index?MarketName=BTC-STEEM) = 26.012$
Why you killing my buzz? Lol. I said it seemed like a bonus. It's kind of like a 401k. Long term investment. Put it there and then check back every few months. Hopefully it grows. It is simply short term vs long term. I get what you are saying though . I guess I'm looking long term.
Actually both of our math calculations were off. If I took the traditional payout, it would currently be skewed more toward steem power anyway. To keep it simple let's say the $30 would have been payed at $14 in steem dollars and $16 In steem power. I'm still happy with $49 in pure steem power.
you didnt get $49 SP, which is what alex was trying to tell you. You got 49SP. No dollar sign.
You'd have to adjust for a small reduction because SD is not exactly 1=1 to the USD...
Correct but we are now comparing apples to apples and I believe I'm getting slightly more apples.
Ok I've got my wits about me now lol. According to the payout of my last post above $10, the current traditonal split (after curators take their cut) is 40% in Steem Dollars and 60% in Steem Power.
So if we look at the post in question after curation, I would get $12.348 in Steem Dollars and 18.522 in Steem Power. So we only need to look at the $12.348. I get $30.558 Steem Power instead of $12.348 Steem Dollars ($49.08 - $18.522 I would have gotten anyway). At your rate of $.53, that equals $16.19574. Therefore, I came out $3.84774 ahead. If I'm not mistaken, that means I came out 12.83% ahead... and I don't have the hassle of converting to Steem then Steem Power. I may be completely wrong. If I am, I would appreciate a mathematical explanation so that I can better understand. I am a novice with crypto.
the normal payout is 50-50, not 40/60. Sometimes you see more in SP becasue the proceeds of the reverse auction are 100% in SP.
You mostlikely came out a bit ahead because of the reverse auction... im not sure if they count reverse auction money when they calculate how much went to curators.
But its definitely a good deal if you intend to convert to SP anyway, becasue its often hard to get an optimal exchange rate on the market when you want to sell SBD. So youre probably saving money you would have lost there.
I believe the ratio changed recently because Of something having to do with "2% of market cap". As of yesterday it was no longer 50/50.
say whaaa/// i didnt know they could do that
This is not the case right now. I made an error. I was using the conversions of an outside exchange (poloniex). Using the internal market numbers, it is much closer to 50/50.
Mine was wrong too. I didn't take into account that Steem had dropped so far. :/
Yeah, my last few payouts weren't 50/50 either. Someone, maybe @dantheman, had an article out about possibly moving the ratio in favor of SP when the SBD was low, in order to try to stabilize the price. It appears it was enacted.
This is not the case right now. I made an error. I was using the conversions of an outside exchange (poloniex). Using the internal market numbers, it is much closer to 50/50.
I stand corrected. haha, bad math. There was an article, but mine's 50/50.
IIrc, the article said that some of the SBD was going to be paid in steem, not SP
Oh yeah. You're right.