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RE: Autovorotic Asphyxiation- The MEGA CIRCLE JERK is choking-out itself through the rewards pool

in #circlejerk7 years ago

@aggroed That the reward pool would be going down doesn't make any sense to me. It should be a steady amount of STEEM. From the FAQ:

When users upvote or downvote posts, they are not adding or taking money away from the reward pool. They are only changing how the pool is allocated. The same amount of rewards will be paid out no matter what.

There are only benefits to linear rewards. The problem of people upvoting their own comments just has been magnified. It always existed, but because people has so little power, they didn't realize it.

Regarding the comment rewards, it has probably way more than doubled, because you use figures of a 30 day moving average. It's lagging 3 weeks behind if i'm not mistaken.

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Yeah, well, the percent doubled, but it's actually already quadrupled. The pool is going down. That's for certain.

I don't understand how that's possible with strict inflation rules of 9.5% to 9% in the first year.

I just did the calculation and the inflation should go from ~65,000 STEEM per day to ~68,000 STEEM per day in the first year.

So the amount of STEEM reserved for the reward pool should only go up, the Dollar price depends on the value of STEEM of course.