Viewing a response to: @paulag/85wq15i6
Do you know if it uses the internal median price of steem for the blockchain for converting the 1$ SBD? If so one has to be careful as this is a weighted average and when the markets move fast there can be a big gap that takes some days to catch up. At the moment it is 0.716 vs the external price of 0.5983. So you get 1$ worth of steem for your SBD but it is using a higher price of steem to do the conversion and so the market can still be better even if SBD is lower than 1$ until this catches up. 
| post_id | 66,089,487 |
|---|---|
| author | intrepidphotos |
| permlink | re-paulag-85wq15i6-20181115t203604660z |
| category | steem |
| json_metadata | {"app":"steempeak","community":"steempeak","tags":["steem"]} |
| created | 2018-11-15 20:36:06 |
| last_update | 2018-11-15 20:37:39 |
| depth | 1 |
| children | 2 |
| net_rshares | 0 |
| last_payout | 2018-11-22 20:36:06 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 598 |
| author_reputation | 361,224,981,730,276 |
| root_title | "How to get more STEEM for your SBD" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
yes the price of STEEM changes, thats why there is a 3.5 day wait period on this, to smooth out spikes. either way, if you use the internal market, you will get the external price for SBD, so if thats only 98 cent, you will only get 98 cent worth of steem, no matter what the price of steem, where as if you use the internal mechanism instead of the market, you will get 1 dollar worth of steem and this option is always most beneficial when sbd is being traded at less than a dollar.
| post_id | 66,116,048 |
|---|---|
| author | paulag |
| permlink | re-intrepidphotos-re-paulag-85wq15i6-20181116t101010429z |
| category | steem |
| json_metadata | {"app":"steemit\/0.1","tags":["steem"]} |
| created | 2018-11-16 10:10:12 |
| last_update | 2018-11-16 10:10:12 |
| depth | 2 |
| children | 1 |
| net_rshares | 0 |
| last_payout | 2018-11-23 10:10:12 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 485 |
| author_reputation | 224,445,607,823,384 |
| root_title | "How to get more STEEM for your SBD" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
I don’t agree that it’s always better . You get 1$ worth of steem at the weighted average rate . If the market is falling the average rate will be higher than the spot market . Take the data yesterday. 1$ of steem at 71 cent steem is 1.408 steem. External market 0.95 $ of steem at 0.598 is 1.58 steem. So if it converted at those numbers the external market got you more steem.
| post_id | 66,135,961 |
|---|---|
| author | intrepidphotos |
| permlink | re-paulag-re-intrepidphotos-re-paulag-85wq15i6-20181116t182541715z |
| category | steem |
| json_metadata | {"app":"steemit\/0.1","tags":["steem"]} |
| created | 2018-11-16 18:25:42 |
| last_update | 2018-11-16 18:26:09 |
| depth | 3 |
| children | 0 |
| net_rshares | 0 |
| last_payout | 2018-11-23 18:25:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
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| body_length | 386 |
| author_reputation | 361,224,981,730,276 |
| root_title | "How to get more STEEM for your SBD" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |