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).
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
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
wrote a great article about it. Check it out here:
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