1 Steem currently buys approximately 3.6 TRX but following the new update, 1 Steem will buy 0.5 TRX meaning will need 7.2 Steem to be able to purchase 3.6 Steem that was initially bought at 1 Steem.
I don't quite agree with this illustration. They are talking about payouts now which have no relationship with the market price of both assets at the moment. Let's see a few things:
Before- the ratio was 1 SP: 1 TRX (at payout).
Now- the ratio would be 1 SP: 0.5 TRX (at payout).
It mainly affects the payout. The market price would determine how much TRX would be needed to buy one STEEM but at this stage, it's about Steemit payout as regards Tron integration.
I totally agree with you but I did my evaluations based on the Steem-Tron Market VS the Steem-Tron Post Payout Exchange because it’s very important for Steemians to effectively understand these updates from when they were made till present. This has made me to throw more light in the post via an update.
Generally, the value of Steem earned at post payout has been halved meaning we now need twice the initial steem amount at na post payout to purchase an equivalent Tron amount like you said:
Initially 1 Steem = 1TRX
From 15th, 2 Steem = 1 TRX
The summary of the story is that Steem at post payouts has been devalued and Tron inflated in a bid to spike the prices of Steem and Tron in the future.
This steem devaluation strategy is final way out to have all content creators burn steem.
I hope this now means Steemit team will stop the burn steem campaign
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Greetings friends.
The analysis you are doing is out of context, the trx we have been receiving has nothing to do with the price relationship in the market, this reward was given from the integration of Tron to the Steemit platform, ie, it is an extra reward that we have had all this time.
The only thing that has happened is that "possibly" due to the drop in the value of the token, it is necessary to generate a protective action towards the TRX, where the most viable thing to do was to reduce its issuance, that's all.
Example.
If during the month of September 1,000,000 TRX were distributed in an extraordinary way, it is sought that in October the issuance of reward is lowered to 500,000, this will allow reducing the amount of TRX in the market to try to balance or maintain a good value.
Despite this reduction, the TRX reward per Steem Power is still very good.
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Wise words @adeljose
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This is not how this is going to work, see my respond to you above. It only has to do with post payouts. Authors and curators will receive half as many TRX as they were before. That is the only change.
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What is the reason for paying half the amount? Where does the other half that was initially paid go to?
Why chose to pay half instead of paying more?
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My guess is they (whoever is calling the shots) decided the costs were greater than the benefits so they cut the payouts in half...
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Following the thread of this conversation, I think the answer may lie in the origin of the Tron funds we are dealt, is it a donation? or are they purchased with steem?
Either way, for us users it has been an additional reward, but perhaps for the ecosystem, it is an expense they need to reduce.
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