It's a little complicated, but i have posted on this before here. Essentially Steem is in distribution mode at the moment, and the dilution rate is currently much higher that the 100% everyone cites. It will be 100% in around 15months times.. We are currently running at about 312% for the next 12 months...
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In the original statement it sounds like you are saying that even if the price declines by 70% you will be fine because currently rewards are running at a 312% increase/gain... am I reading this wrong?
That is correct. For the next 12 months