The $31,543 Post And Why The USD Amount On Posts Is Misleading
Way back in time on the old platform, in the early days, if you made it to trending it was kind of a big deal. At least if you go by the display numbers.
If you've been around since the beginning you may remember this piece of history, the famous make-up tutorial of 2016 and what I think is the 2nd highest paid post ever.. I couldn't find the highest paying post, but I do believe it had a payout display of $42,000ish - but I'm going from memory.
Recently, I've seen a lot of huffing about current post earnings based on the price of Hive, it's not unusual, every time Hive has a big price change people get sensitive to the display numbers on posts, but they can be misleading. It's a sticker shock reaction.
If we look at the break down of Tara's post she never saw the $31k listed on the post. Back then curators received 25%, but now days it would be 50% spreading half those rewards to all of the people who voted for her. In addition, back then the power down period was 104 weeks or 2 years. By the time she was able to claim most of the rewards for this post the price had dropped significantly. I believe the price of STEEM on the day she was rewarded was nearly $5. Posts were only open for voting for 24 hours at the time.
If we used the metrics that are in action today, We will round to $32,000 for the sake of easy rounding..
Post display value: $32k Curators: $16k HBD payout: $8k The remaining $8k would have had to be powered down in order to see it cash in hand.
I'm not knocking what a huge post that would be, but I am pointing out that the numbers shown are a bit off from the reality.
I've earned Hive from .06 to $8, but they all look the same in my wallet today, and it is impossible to tell what the price was on the day the payouts appeared on the front end.
The only thing that has changed with the increase in price is the number of HBD the chain prints on payout, the actual value of the Hive earned is always changing.
Really the price only matters on the day you sell and with a 13 week powerdown period, it's unlikely to be the same price as today. It will almost certainly be either higher or lower if you were to power it down.
Times have changed a lot and the numbers displayed look different, but remember the blockchain works the same.
Posted Using LeoFinance Beta
