Viewing a response to: @teamsteem/steem-an-in-depth-overview
Great!!!
| post_id | 2,600,970 |
|---|---|
| author | knircky |
| permlink | re-teamsteem-steem-an-in-depth-overview-20170508t124002223z |
| category | steem |
| json_metadata | "{"app": "steemit/0.1", "tags": ["steem"]}" |
| created | 2017-05-08 12:40:00 |
| last_update | 2017-05-08 12:40:00 |
| depth | 1 |
| children | 5 |
| net_rshares | 0 |
| last_payout | 2017-05-15 12:40:00 |
| 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 | 8 |
| author_reputation | 217,103,420,888,695 |
| root_title | "Steem: An In-Depth Overview!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
I'm glad you liked it @knircky!
| post_id | 2,608,343 |
|---|---|
| author | teamsteem |
| permlink | re-knircky-re-teamsteem-steem-an-in-depth-overview-20170508t211220231z |
| category | steem |
| json_metadata | "{"app": "steemit/0.1", "users": ["knircky"], "tags": ["steem"]}" |
| created | 2017-05-08 21:12:12 |
| last_update | 2017-05-08 21:12:12 |
| depth | 2 |
| children | 4 |
| net_rshares | 0 |
| last_payout | 2017-05-15 21:12:12 |
| 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 | 31 |
| author_reputation | 284,009,804,791,421 |
| root_title | "Steem: An In-Depth Overview!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
One thing that I would like to understand better is the the creation of SBD and how the reward steem get converted to it. That to me is a bit of a detail that would be worth explaining.
| post_id | 2,610,307 |
|---|---|
| author | knircky |
| permlink | re-teamsteem-re-knircky-re-teamsteem-steem-an-in-depth-overview-20170508t235226944z |
| category | steem |
| json_metadata | "{"app": "steemit/0.1", "tags": ["steem"]}" |
| created | 2017-05-08 23:52:27 |
| last_update | 2017-05-08 23:52:27 |
| depth | 3 |
| children | 3 |
| net_rshares | 0 |
| last_payout | 2017-05-15 23:52:27 |
| 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 | 186 |
| author_reputation | 217,103,420,888,695 |
| root_title | "Steem: An In-Depth Overview!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
When you are rewarded with let's say 30 SBD and the price of Steem is let's say $1 this means you received 30 Steem in the form of SBD. (It also means 30 Steem has been created in the form of SBD) Now if the price of Steem goes down to $0.50 and you still holds the SBD you can now redeem 60 Steem through the process called "convert" located in the wallet. This process takes 3.5 days and the amount of Steem you will receive is based on the median price set by the Steem witness during those 3.5 days. On the other hand if the price of Steem goes up to $2 you can only redeem around 15 Steem for your 30 SBD.
| post_id | 2,715,267 |
|---|---|
| author | teamsteem |
| permlink | re-knircky-re-teamsteem-re-knircky-re-teamsteem-steem-an-in-depth-overview-20170514t004056438z |
| category | steem |
| json_metadata | "{"app": "steemit/0.1", "tags": ["steem"]}" |
| created | 2017-05-14 00:40:45 |
| last_update | 2017-05-14 00:40:45 |
| depth | 4 |
| children | 2 |
| net_rshares | 0 |
| last_payout | 2017-05-21 00:40:45 |
| 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 | 611 |
| author_reputation | 284,009,804,791,421 |
| root_title | "Steem: An In-Depth Overview!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |