SBD and STEEM are coming very close to one another. At the moment of writing: for 1 SBD you could get 1.058 STEEM. Here's a screenshot of these prices taken a few seconds ago on steem.supply:
If you have a feeling that something is different about that part of the page, you are right. The price of the STEEM is displayed in a different color: blue. Until a few hours ago, it was in green.
Well, this is on purpose. Actually, there is a little feature built in the code that allocates 3 types of colors, for different ratios.
- if SBD is less than 0.95 STEEM, the color is red
- if SBD is higher than 0.95 STEEM but lower than 1.05 STEEM, the color is blue
- if SBD is higher than 1.05 STEEM (as it was for the last few weeks, the color is green)
This feature was intended as a quick visual clue about the relationship between SBD and STEEM. The rationale for picking these colors was:
- red for a cheaper SBD
- blue for a relatively equal SBD / STEEM
- green for a very expensive SBD
Ideally, these ratios should have been calculated in relationship to the USD, since SBD was intended to be pegged to it, but since it was so far off, I decided it's better to use STEEM as a quote, and SBD as base.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
So I feel like I asked something similar to this a few weeks ago when 1 SBD equaled 2.5 Steem, but now that it is a reality I feel the name to clarify. So basically once 1 SBD value drops below 1 Steem value, we get higher reward value from doing the 100% power up option on posts?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't think so...
When you do 100% power up, you don't get SBD anymore. So instead of getting 50% worth of SP, you get 100%.
Suppose your author cut is 7.5 STU. In this case STU is actually meaning USD, as in you have to divide 7.5 to the price of STEEM, and that's the amount you get. In our case 7.5 USD /6.2 = 1.19 SP. So you basically get 7.5 USD, period.
But if you would get 50 / 50, you still get 3.75 SBD, or 3.75 * 6.3 (if SBD price would be equal STEEM price) = 23.625 USD. Plus 3.75 USD / 6.3 = 0.59 SP.
Hope this is clear :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That was clear! Thank you, looks like I will always stick to 50/50.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well, then if STEEM is higher than $1, going 100% is pointless. Great!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yup, I noticed that too as soon as @dragosroua added the STU feature to Steem.supply website.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please bring back the day when 1 SBD gave 6 STEEM :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'll do my best, but I can't promise anything :)))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So you think you can do it? Not saying you can't but I don't to know your plan.... I don't know if I like it right now that SBD worths +$5 but I'd like that Steem worth more than SBD all the time!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
PLEASE !!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
1:1 ratio i hope to get some more steem during this period and this color codes will help me a lot
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am very surprised at the way Steem is growing everyday if it continues this way then we don't know what to expect
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was there when 1 SBD = 1.111 Steem.
SBD was supposed to stay near $1. But, all that was planned for was the lower floor of always being able to be traded for one dollar of Steem. I do not know if we will ever get back there. If we printed 10x as much SBD, it probably still wouldn't work.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The "peg" may be a soft one, not a hard one. By "hard", I understand something that is automatically linked to a certain level, like 1 SBD = 1 USD, and it's backed by real assets, and by "soft" I understand: 1 SBD = x amount worth of STEEM, at whatever the price of STEEM is. I think we've always been in a "soft" peg.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@dragosroua Thanks for the info and i wish we get more
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The colour code is green. I think is expensive.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeap, it's above 1.05
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, it is much easier to see with the colors, thanks or the update
Btw but @dragosroua what impact it has for the community, that the relationship between steem and SBD is equal or may even be less than one
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
it means the importance of Steem Power is getting more evident.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, I wish I had deducted it before :P
Thank you for answering me :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I miss when one sbd could get me 6-7 Steem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha little things like that I would have never noticed. Thanks for the heads up, now I'll be watching for cheap SBD.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
awesome... but i've still got some tears, i want my SBD wealth to return !
buah buah !! (-:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good job with steem.supply. I use it all the time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am glad steem.supply is back to working normally, it is a nice feature, i am guessing you put that in place because you waiting for SDB to drop below Steem prices in the near future?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow! Steem price is on a serious move ,can you imagine.this is beautiful ,if i may say this is the time to use steem to pay and acquire more SBD.thanks for this info .let me go to internal market and do some trading.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dtube Rock! Dtube is going to break record of youtube in 2018
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In this case I hope we will see the price of SBD in Steem green from now on, and not because Steem going down :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very informative. There is clearly alot I still have to learn. Thanks for this post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice this is will always look forward to that prices :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Any particular/theoretical reason for using those 2 boundary points?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i hope the color coding change to green soon ;p
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Whether this situation Will have an effect on the price of boh, Are their prices the same as now, or going down, or going up..??..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
right now its blue which is good thanks for sharing this update
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think this is interesting way... Thanks for this update.
For a moment I thought of telling you to add more colors (redder the more less than 0.95 and greener the more it is than 1.05) But that's just unnecessary coding.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit