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RE: STEEM Economic Changes Update (@officialfuzzy's thoughts & concerns)

in #steem8 years ago

You are confusing the reward pool with debasement. My statement was correct.

Investors will have their rewards reduced from 90% to 15% of the pool.

Bitcoin miners are constantly debased, technically, but their rewards make up for the debasement if they can sell their rewards for more than it cost to produce them.

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You are confusing the reward pool with debasement.

Not confusing anything.

Investors will have their rewards reduced from 90% to 15% of the pool.

I'm guessing you are talking about the inflation here which is anything but a reward.
Your statement is incorrect for multiples reasons.

  • Inflation is not a reward
  • The current inflation is 148% not 100%
  • Most of the current inflation is not part of any reward pool, it's just new money directly allocated to SP holders.
  • Investors will not have their rewards reduced, because they didn't have any in the first place.
    They will actually have less inflation with the new proposals.