SBD is printed if the Steem Market Cap (which is calculated from the Steem price in the Witness feeds, which they, in turn, update based on whatever exchanges they decide matter) is more than 10 times (in USD) the number of SBD in existence.
That's all there is to knowing IF SBD will be sent to you as liquid payout if you've chosen the 50/50 option.
But how much SBD will you get?
That depends on two things.
how much less than 10% of the market cap in SBD tokens there are
and
the "value" of your post
If
is 8% or less
and
is, for example, $4.00
you will get 1 SBD (50% (because you chose 50/50) of 50% (because the other 50% goes to curators))
Between 8 and 10%, SBD printing tapers off.
We haven't had much lately because the steem prices tanked so hard, sending the number of SBD out there way above the 10% threshold very suddenly. So suddenly, in fact, that SBD prices fell to the point that no one wanted to sell, losing money, nor use the convert function because the SBD prices was still holding above the level of what you'd get for converting them. They were stuck in an economic frozone!
;P
Thanks for that @improv that actually made sense to me... don't think I could regurgitate this if I had to.... but at least I have your reply to fall back on.
That would be great! I have read up on it before, probably gave up on it, so don't fully understand how it all works.
Sure!
The basics are simple.
SBD is printed if the Steem Market Cap (which is calculated from the Steem price in the Witness feeds, which they, in turn, update based on whatever exchanges they decide matter) is more than 10 times (in USD) the number of SBD in existence.
That's all there is to knowing IF SBD will be sent to you as liquid payout if you've chosen the 50/50 option.
But how much SBD will you get?
That depends on two things.
and
If
and
you will get 1 SBD (50% (because you chose 50/50) of 50% (because the other 50% goes to curators))
Between 8 and 10%, SBD printing tapers off.
We haven't had much lately because the steem prices tanked so hard, sending the number of SBD out there way above the 10% threshold very suddenly. So suddenly, in fact, that SBD prices fell to the point that no one wanted to sell, losing money, nor use the convert function because the SBD prices was still holding above the level of what you'd get for converting them. They were stuck in an economic frozone!
;P
Thanks for that @improv that actually made sense to me... don't think I could regurgitate this if I had to.... but at least I have your reply to fall back on.