RE: A simple tool to check estimated account value. / 检查账户估值的小工具 by miniature-tiger

Viewing a response to: @oflyhigh/a-simple-tool-to-check-estimated-account-value

steemdev · @miniature-tiger · Sep 3 '17

$1.83

Thanks @oflyhigh. Very useful. A couple of questions if I may?

1 ) The estimated account value we see in our wallets (which your tool replicates) is stated to be in US dollars *"The estimated value is based on an average value of Steem in US dollars."* 
Is it in fact in SBD (so close to USD generally but not the same)?

2 ) Where does the SBD / STEEM conversion rate come from. Is it from the witnesses? Do you know how they obtain it?

Very useful again. Thanks!

👍 oflyhigh

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@oflyhigh · Sep 3 '17

$0.02

1:  You are right, in fact the ***estimated value***  in our wallet is  in SBD. 

From [FAQ](https://steemit.com/faq.html):
>Steem Dollars - Steem Dollars (commonly abbreviated SBD) are liquid stable-value currency tokens designed to be pegged to $1 USD.


2: The system use ***current median history price*** to  convert estimate the sbd value of steem.
You can use API  **`get_current_median_history_price`** to obtain it, or check it from steemd.com
![](https://steemitimages.com/DQmYQatRjxqSpaSKk9yepvGkZhVPXENp5mwMXoAbigsryef/image.png)
To note that ***quote*** is not always 1 steem.

The feed price is from the witnesses.

👍 miniature-tiger

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@followbtcnews · Sep 3 '17 (edited)

$1.79

Yes, and as a witness myself, I can tell you we are mostly pulling our price feeds from Bittrex. Used to be Poloniex but there price was not that accurate of overall performance so majority starting to use Bittrex price now

Thats a great tool you have  built @oflyhigh   ..Nice job!

👍 oflyhigh, miniature-tiger

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@oflyhigh · Sep 3 '17

Thank you very much for your comment.

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@miniature-tiger · Sep 3 '17 (edited)

Thank you both. Very informative answers!

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@sdd · Sep 4 '17

@miniature-tiger
I support with your comment👌
@oflyhigh
Thats a great tool you have built  ..Nice job 👍

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