Can We Change The UI to Display Rewards in USD?
Currently, the UI displays rewards in Steem Backed Dollar (SBD), which is deceptively low as the currency, which is meant to be pegged to the USD, is currently trading at over 7x that amount.
What this means in practice is that all posts that have selected to receive their payout as 50%/50% are getting roughly 5x the amount advertised!
One of the most appealing traits of the Steem blockchain is its ability to convert higher prices quickly into greater value by attracting more users through effectively displaying higher rewards on Steemit. But this doesn't work if the rewards displayed grossly under advertise their real value to the average person who stumbles onto the site thinking it's USD.
Right now, we're basically advertising for job openings at a salary that's only 1/5 of what we're actually going to pay them. Unless these new content creators are also going to help us smuggle heroin across the border, this is stupid.
Simple Solution
Let's just change the front end display to reflect rewards in terms of their USD value rather than SBD.
Now, my guess is some devs are going to point out that this isn't as trivial as it sounds because in order to do that they'll need to rewrite the source code of the blockchain and reboot the internet and build a flux capacitor etc. I do want to stress that this is fairly important in terms of onboarding and really helps the long term value of Steem.
I realize that there are some concerns around SBD and its viability in the future, but in the meantime coming up with a way of clearly displaying a relatively up to date USD value on rewards shouldn't be too difficult. Right now, the displayed reward is deceptive and misleading to our combined detriment!
If we display rewards in terms of USD, it will reflect their higher value and the entire ecosystem will stand to benefit whenever SBD gets pumped and dumped harder than a broken condom.
Tell Everyone About Steem
The bottom line is Steem pays well, and it's very much in everyone's interests to not under represent that by 5 fold. In the meantime, tell everyone about it.
You know those posts on trending? Well they're actually getting $1000-$3000! And those posts on hot? Well they're getting $100-$500! People should know this and spread the word so more will join Steemit.
Hell, you can tell them that every new sign up gets a free hand job from Dan, subject to his consent, for all I give a shit. Now I know that's a little redundant as 'a free hand job from Dan, subject to his consent' is technically implied in every moment of life, so while not insightful, it has the benefit of being true.
Anyway, tell everyone that Steem is better than you think!
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