You are viewing a single comment's thread from:

RE: Thought Experiment: Centralized Exchange Offers Instant HP Powerdown

in LeoFinance3 months ago

I know you meant this for @edicted, but I have been here and followed the changes. In the beginning Steem had inflation like Venezuela. You escaped that with powering up. Steem was meant to be something you immediately traded when a power down gave you some to another who would immediately power it up. Powerdowns took half a year to complete.

Also when there are fewer people there was a greater per user distribution of the reward pie on average. And yes, prior to the patch called equality, post rewards were super linear.

Sort:  

Thanks for the background information.

I think what your saying makes sense.

If I understand correctly you are saying I may have experienced greater proportionate rewards from fewer competitors for the reward pool pie.

That makes sense.

When you are here day in and day out, regardless of the Steem price or Hive price we sometimes forget that others have left the project to earn bigger rewards elsewhere, and that may inflate our rewards compared to a period when we had less steem / hive and more competition.

Thank for you helping me understand another variable in earnings.

You gave a better answer than I did 🖖