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RE: Who pays for the blogging and curation rewards? (Part 1: STEEM POWER)

in #steem8 years ago (edited)

OKOK. i see what youre doing... but this isnt really correct.

The blogging and curation rewards alone are just 7.75%.... the SP incentives caused by those blogging and curation rewards are the rest of that 77.5% (ie the 9-1 ratio again)

By dual cap,I meant that its either 1 steem per block or 3.875% I don't see how it why this number would ever vary... unless its a function of the decreaseed POW rewards.

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The blogging and curation rewards alone are just 7.75%

I wrote in the blog, "how much debasement is accrued yearly to fund the various rewards paid by Steem, 77.5% of which is for blogging and curation rewards.".

That means of the 10% debasement of the money supply which is not just a forward split for SP holders, then 77.5% of the 10% (i.e. 7.75% of the total yearly increase in the money supply) is paid for blogging and curation rewards.

It is a bit annoying that you were too lazy to take the time to try to really comprehend my blog and instead immediately jumped into plastering the comments with your long-winded "walls of text" incorrect accusations.

If your attitude towards me had been more cordial from the get-go, I would have been more inspired to be amicable in my replies. As it is, I am trying to keep a smile on my face. Hope you too.

I appreciate peer review, but please take the time to comprehend really well. Whe you shoot off accusations without taking the time to comprehend a blog, you set yourself up to make mistakes and be the one wearing the asshat. I had a very good mood from writing this blog and receiving a lot of appreciation for it. And you rained on my good mood.

As well you have wasted some hours of my very scarce time.