Why Steem Median value is stucked?
Steem Median value is one of the most important parameter to calculate the vote values in steem posts.
We can see that value from https://steemnow.com/
But, it is a long time the median value is showing as $0.40
What i know is median is determined by steem price in market. Nowadays its price is less then $0.40.
just be patient steem wil move up soon
It is part of the mechanism that limits SBD to 10% of Steem total market cap. In fact the median value should not be used to calculate estimated post payouts, but until this mechanism kicked in there wasn't a difference.
The current feed price is $0.40 and hasn't moved much over the last few days even though the price of Steem dropped much lower. This is due to a mechanism to prevent too much SBD conversions at a very low steem price. Imagine people can convert all their SBD at $0.10. This would create 10 new Steem for each SBD resulting in a high inflation which in turn would crash the steem price even more.
right answer
Thank you very much @penguinpablo it is clear now ;)
I had noticed it but I thought it was an update problem related to steemnow.com
Now i start to wonder :S
Congratulations @mahsumakbas!
Your post was mentioned in the Steem Hit Parade in the following category:
$0.40 is the payout ratio of SBD
For example, you get 5 STEEM, SBD=5*0.4/100=0.02
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