Median price feed stuck? Payouts displayed wrongly? (Solved).

exyle(79)
Published in
#exyle
Words
260
Reading
2 min
Listen
Play
8y

IMG_2295.jpg


It seems the payouts are displayed wrongly or are stuck on Steemit.com.

The median price feed is stuck @ 41 cents.

But it should be around @ 33 cents (the average of 3,5 days).

I just received an author payout of $21 (after curation), resulting in 52 STEEM.

52 STEEM = 52*0,33 = $17,12 (not $21).

So the correct price feed is being used for payouts. (set by the witnesses).

I asked penguinpablo@penguinpablo about it.

He reckons it's the SBD conversion protection keeping the price feed @ 41 cents.

I'm still investigating.

I can't stand not knowing for sure.


edit 1

After stealing some convert numbers from demotruk@demotruk

Fill convert request: 1.737 SBD for 4.204 STEEM (very recent).

It indeed seems to be the SBD conversion protection.

1.737 / 0,413 (stuck median price) = 4.204 STEEM

Without this protection it would be:

1.737 / 0,33 = 5.26 STEEM

The blockchain is doing it's job! Without this millions of more STEEM could be printed if STEEM would drop further.

I guess the UI uses this same median to display payouts and causes it to look more than it is.


edit 2

oflyhigh@oflyhigh wrote a great article about it. Check it out here:

https://steemit.com/witness-category/@oflyhigh/why-is-medianhistoryprice-no-longer-the-median-of-feed-price-my-investigation



I am part of witness blockbrothers@blockbrothers.

Please consider us for your witness vote if you think we deserve it here:




Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect

We are the creators of Steemify a notification app for your Steemit account for iOS.

Get it Here:

Median price feed stuck? Payouts displayed wrongly? (Solved). | Ecency