steemnow.com clicking at the corner)... if today the prices go up you have to wait some days to see it in the posts.As @sorin.cristescu pointed, the amount that you see under the post is calculated with the median price of the last 3.5 days (see the price on
The witnesses define the price. The blockchain takes all of them and uses the median.
And how do witnesses calculate prices? they take them from exchanges (bitrex, poloniex, coinmarketcap, etc). Each one is free to set the price he deems correct.
Cool @jga now I understand the whole thing a bit better, "median price"... Makes sense... Sorry to @steemit if I was a bit negative, just felt like the "median price" was more responsive to the dips... But it was probably just me...
Anyway this whole "witness thing", who should I vote for the get the most "correct everything"?
I don't know, but I think all of them put correct prices (with some differences), then no worries at the moment IMO. When I vote for a witness I see other characteristics like the work they do and the communities they support. Regards.
I am guessing a person with a deeper technical understanding of the STEEM blockchain and a strong will to improve the Steemit-platform for all users, would be a good witness to vote for?Thanks for your reply @jga!
Exactly, yes!