Not really a good idea. It's likely that the SBD will trend back to $1, and soon.
If we displayed a post worth, for example, instead of $10 (5steem@$1 + 5 SBD) as $55 (5steem@$1 + 5SBD@$10), the poster would believe that their post is worth the full $55. If SBD fell back in line to $1 the next day, their post would change to $10.
This would exacerbate the negative effect that many people have when their post loses value, like they do now when they get downvoted. People have this (wrong) assumption that the $ sign on their post is what they are going to get. They "price it in" so to speak. They believe they've already earned and deserved it. People would think they are losing their money and would not know why, when SBD goes back to what it is worth. So, I say, let them discover the "bonus" rather than expect it.
Of course, this leads into two other discussions:
- Should we even display post $ at all until it's payed out, to avoid the negative feelings that occur when the $ goes down (e.g. due to downvotes, or falling price of steem), and,
- Should we include conversion from STEEM -> SBD to enable market makers to convert and sell SBD to keep the peg (but also opening a can of worms on unbounded SBD creation).
Neither of which I have answers to, but both are worth thinking about.
true, but it doesn't change the fact that it currently would be worth $55
or that posts that were made 7 days ago nearing payout showing $10 are worth $55
The display should be accurate to the moment with no promise about the future
Your second point about downvotes is true but quite niche. It would happen if Steem price is high anyway. Basically the increased SBD price is just as real as an increase in Steem price enjoyed by the system and it should reflect that.
I feel that overall, under displaying rewards is just a missed opportunity to attract more users onto the platform. Regardless of how likely it is that SBD will normalize, the fact that rewards are currently 5x more than the displayed amount is very real.
I don't think it's niche at all. Its a daily occurrence as someone who's constantly involved in steemitabuse; I've seen this "deserve" mentality constantly. I think you might be discounting people being attracted only to the $$$ and then leaving because they didn't get what they were "promised" by the system, if the reward changes.
This is actually not exactly true: the increase in steem price does not immediately affect the price of all posts. It has something akin to an averaging function of the price of steem over the past week or so. So if there was a spike to 10x the value of steem, we wouldn't see posts go to 10x right away. They would slowly increase over time to reflect the change. (Though, maybe we could do the same with value of SBD, and have witnesses report SBD/USD.)
This sign is really a problem I did no get at first, but a friend of mine wrote an interesting article about another solution:
https://steemit.com/steem/@mathsinnature/rethinking-the-steemit-monetary-system-wallet