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RE: Dtube Exclusive - BuzzSteem Ep. 40 [Is Hard Work on Steemit Enough for Success?]
Ok I guess I am confused then. If Steem is independent of SBD value, why does a user's account value drop (in Steem) when the price of SBD goes down? I always figured they were interconnected...
The account value is based on a three day average, I think.
Earlier this year a minnow friend of mine was complaining about not earning much. He based that opinion on his account value. So I showed him... If you have 100 SBD in your wallet, and nothing else, your account value will read $100. Even if each SBD is worth $10 US, it will say you have $100. If you take that SBD and buy STEEM on the internal market and if your 100 SBD was worth $1000, you'd see your account value go up from $100 to $1000. I believe the system that calculates the account value average thinks all SBD is worth $1.