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RE: Steem blockchain breaks 1,000,000 transactions!

in #record7 years ago (edited)

Moreover, more than the current amount of STEEM will be distributed in next 20 years to the users/miners which is very different distribution and fairer than BTC, LTC and ETH.

Most of the reward pool is actually going back to the early miners or investors because of their high stack and circle jerk + vote selling.

So, miners are going to get very tiny amount of that and most of it will go to 0.001%.

Did you know that 6.7% of reward pool is going to the pockets of one person? Do you know who that person is?

Do you understand that your assertion looks like a complete piece of joke?

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@haejin, it is due to one whale @ranchorelaxo voted him with 1.34M SP VP several times. This is not a joke, it is evolving consensus or random act. It is an experiment where it was assumed that good whales will counter evil whales. It is hard to satisfy all the biases of human behavior ( circle jerk + vote selling). But it is better experiment than wasting energy equivalent of a country (e.g. BTC, ETH) through PoW mining. The VP in DPoS is incentivized for curation, however, the rules for VP can always be changed in future HF when consensus will arrive for better.