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RE: What Are The Choices For Post Rewards?
The rewards are pretty confusing at first. It makes it difficult to succinctly explain the reward system to people. Unfortunately I don’t think your explanation is quite right here.
I’ve heard a couple different names for the value you see next to your posts. Steem Token Unit & Steem Payout Unit. I’m not sure if there is a definitive name?
$10SPV (STEEM PAYOUT VALUE - what you see on your post )
Ignoring curation & beneficiary.
100% - 10USD(worth of STEEM POWER)
at 50% - 50% - rewards 5SBD & 5USD(worth of STEEM POWER)
I think maybe my explanation didn't illustrate things clearly, but I think I was explaining similar behavior as your example.
My example above is if someone earns 10 STEEM worth of author rewards (not that the post displays $10). So the value I'm talking about is the value of SP that would be shown for the author rewards on a 100% powered up post that has paid out). I should have made a note to clarify that the post would show (10 STEEM * 3.5 day moving average of STEEM value) + (total curation rewards value) as the value at the bottom. From my recent posts it seems like the beneficiary rewards are included in the total post value until it pays out, and then it only shows the total of the author and curation rewards?
So for my example the 10 STEEM of author rewards (not the post value) would arrive as:
I explained it like this because I thought the important concept to keep in mind is that the price of a post will fluctuate, but the STEEM earned by a post stays the same. So if I've earned 10 total STEEM on a post, it might show $30 or $60 depending on what the market is doing, but a 100% powered up post will still receive the same payout regardless of the market (once you factor in curation and beneficiary rewards). The price of STEEM only affects how much SBD you receive.
Does that make more sense? I'm pretty sure I understand this one, but please point out my misunderstanding if I'm still just not getting it! I think the fact that it's taking this much brain power to explain a pretty basic feature of this platform says something about how overcomplicated it is. 😆