STEEM Token Unit (STU): When A $ Is Not A $: Plus The Damn Is Breaking On Active Users!!!!

Sorry I completely botched this entire thing up.

I posted repeatedly how the $ denomination on the Steemit website was referring to dollars. It has nothing to do with that. The $ sign on the Steem blockchain does NOT mean dollars.

Instead, it refers to the Steem Token Unit (STU).

I came across reading an article by @dragosroua. For those who are unaware, he is the developer of steem.supply, a site everyone should be using to monitor their payouts.

Here is his article:

https://steemit.com/steem/@dragosroua/steem-supply-update-rewards-algorithm-rewrite-major-cleanup-version-bump

This is exactly the reason I keep go further down the rabbit hole...there is always more to learn and uncover.

So what is a Steem Token Unit?

In the article he uses $100 payout for a post, so I will do the same for consistency.

Basically, $100 payout means that $75 goes to the author with $25 going to the curators.

Of this 75, half is in SBD, the other in SP.

50% of 75 is $37.5 meaning you get both $37.5 worth of both SBD and SP.

Obviously, since SBD is pegged at $1, that is 37.5 SBD paid out. Using his $8 SBD price, that is $300 ($8 x 37.5).

When you add that to $37.5 you get $337.50 payout in dollars.

According to all this advanced math, 100 STU (denoted on the site in $) is really worth $337.5 USD to the author. Of course, this can change with the movement in price.

I apologize for misleading all of you. It pains me to tell you that I was wrong while hoping that you can find it in your heart's to accept the fact you will be making more money off each post than you thought.

Daily Active Users

@penguinpablo put together a wonder list of daily stats. One thing that caught my eye, especially in lieu of my article earlier today.

According to a chart he put up, the number of daily users is really jumping reaching an all-time high yesterday.

It appears the last week has seen the number of users steadily at 40K per day. Now we see a jump the last couple days. Could this be another leg up in this stat?

Another chart is equally as encouraging.

The last two days saw 15,500 new users sign up. This is also a significant jump from what we saw recently. Now this simply could be that the sign up process is getting caught up. Or it might be that part of the automating of the process was done. Whatever the reason, this equates to a pace of over 225K sign ups in a month. Perhaps my 1M+ sign ups by the end of year (in a month) was a bit conservative.

For his article:

https://steemit.com/steemit/@penguinpablo/daily-steem-stats-report-friday-january-05-2018

We are seeing a convergence of more users on this site, more activity taking place, and pricing action that is moving along with it. Are we starting to see the onset of the radical jump I have been writing about the last two months? It is possible.

Between Hard Fork 20, Communities, and SMTs, I believe we are looking at a rocket ship ready to take off.

If you found this article informative, please give it an upvote and a resteem.

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