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RE: Post Payouts Since HF19 (Update)
Great post! Question for you... Here's the thing I can't figure out... if 46k STEEM is added to the rewards pool each day than I would assume that if a draw day was less than 46k than the rewards pool would be higher than the previous day... but it appears that the total rewards pool is declining in number of STEEM even on days when the total draw is less that 46k... Any idea why that might be?
The "draw" info I'm referencing is from https://steemit.com/steemit/@me-tarzan/rewards-pool-i-have-charted-the-waters-for-you-july-19-2017
According to this info, daily payouts of STEEM right now are way less than the amount of new STEEM entering the rewards pool each day... yet the pool is still shrinking. What am i missing?
"Drain" in that post is the amount created minus the days payout. It has been negative since HF19 since the payouts have always been higher than the amount created, even today. "Drain" should turn positive very soon now.
I prefer "surplus" and "deficit" as terms.
Thanks... that makes sense now.
I was trying to model this in a spreadsheet yesterday and it's quite tricky, so I have just included a range in these graphs based on the Steem price.
It would be interesting to look at a daily payout value based just on the Steem Price assuming a constant reward pool and constant voting patterns and how much the actual payouts are deviating from this.