RE: The Truth About Ridiculously High Steemit Payout by stellabelle

Viewing a response to: @cryptoctopus/the-truth-about-ridiculous-high-steemit-payout

steem · @stellabelle · Jun 13 '16

Hey on that author payout, my stats are this: 	2786875.65 SP + 6837.991 SD = 13675.982 SD
Does that mean that I can convert 6837 steam dollars to bitcoin then to US Dollar? Why is 13675.982 also SD?
I did some calculations, and it appears that 1 Steem Dollar is equivalent to .38 US Dollar. Is that correct?

👍 boomerius

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@cryptoctopus · Jun 13 '16 (edited)

Steem are worth 0.38 right now but Steem Dollars will be worth $1 US. 

The 13k is the total value of SP and SD earned. (50/50) (in dollar terms)

👍 boomerius

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@stellabelle · Jun 13 '16

But the SP I receive must stay SP for two years right?

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@syadastinasti · Jun 13 '16

When you power down your SP, it takes two years for that amount to be converted, that's what I understand.

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@cryptoctopus · Jun 14 '16

104 equal payments (small drip over a 2 year period)

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1 reply