Good News indeed.
But Just a Noob question: How changing the reward to 100% sp reduces the reward taken from the pool.
You are viewing a single comment's thread from:
Good News indeed.
But Just a Noob question: How changing the reward to 100% sp reduces the reward taken from the pool.
It doesn't. But it slows any exfiltration of money from the platform.
It actually won't. Powering down is incremental over three months. If you have a large enough pool of SP, you can just continuously power down pieces and sell the STEEM.
The only thing this does is reduce the post value while the price of SBD is high. Once the value of SBD is close to 1 USD again, 100% and 50/50 are exactly equivalent if a whale is looking to cash out post rewards.
Thank you!
I was looking for where someone said "was any stipulation made that the 100 powered up SP doesn't immediately get powered down and sold as Steem instead of Sold as SBD. So it takes 13 weeks to completely cash out a post instead of 7 days. This is still a private money printing press in action.
I'm not saying the war should go on, but damn.... If he's still taking 2% of the reward pool....
I dunno... Whatever. Bernie is smarter than me, so I gotta assume he knows what he's doing.
Because this is a person that we want to encourage to gain influence. Gee, that was brilliant.