Hi @happyme
Here is the official statement on this from the whitepaper. I certainly hope this has not changed.
Payouts
When a post receives a payout it takes the form of 50% SBD and 50% SP. The Steem Power give the user increased voting and transaction power while the SBD gives the user an immediate benefit in a stable currency. As we’ve already discussed at length, SP is designed to encourage long-term holding rather than short-term selling. This encourages more users to have a vested interest in the long-term success of the
platform.
Users also have the option to be paid in 100% SP, as well as decline payout on posts. When a user declines payout on a post, the money that would have been paid to them remains in the rewards pool, to be distributed to other users.
Oh sweet. I always read that it gets BURNED. Is that the 1st white paper or the 2nd that you got this from?
It is dated August 2017. I believe this is the latest.
Ok, sweet. I think all the stuff I had read was based on the old paper then. THANKS!
No problem -- very glad they are not getting destroyed!