I have the opportunity to claim my first set of rewards in a long time... and I'm noticing that it's STEEM, rather than SD, that's being offered.
A lot has changed on Steemit since I was last here!
Rewards
2 years ago by wiser (58)
$0.57
- Past Payouts $0.57
- - Author $0.29
- - Curators $0.28
42 votes
- + bagholders: $0.489 (100%)
- + kenny-crane: $0.035 (50%)
- + isnochys: $0.012 (50%)
- + kennybot: $0.005 (100%)
- + garagebill: $0.005 (100%)
- + kiobot: $0.003 (100%)
- + victorialegend: $0.002 (100%)
- + microbot: $0.002 (50%)
- + jeff-kubitz: $0.002 (34%)
- + moondancer762: $0.001 (100%)
- + pixiehunter: $0.001 (100%)
- + nanobot: $0.001 (50%)
- + millibot: $0.001 (50%)
- + minibot: $0.001 (50%)
- + grand.strategy: $0.001 (50%)
- + fumegi: $0.001 (50%)
- + cheaperwhale: $0.000 (50%)
- + kehrwoche: $0.000 (50%)
- + witnessbot: $0.000 (50%)
- + yarsb21: $0.000 (50%)
- … and 22 more
When the price of STEEM is below a certain threshold, something like 24 cents currently, rewards are only in STEEM. It has something to with the amount of SBD in existence. SBD is actually a debt instrument. It allows a holder to turn in that debt and receive a dollar's worth of STEEM. The software running this ship won't allow new debt to be printed when the existing debt reaches a certain level.
That's my remembrance of how it works. One could probably find an exact explanation somewhere! :)
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Oh interesting. Thanks for letting me know! Is it the same on Hive, but that Hive is simply worth more at this time?
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We should discuss that over there, or on Discord :)
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