"The rate that new tokens are generated was set to 9.5% per year starting in December 2016, and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5 years."
"Of the supply of new tokens created by the Steem blockchain every year, 75% of those tokens compose the “rewards pool” which are distributed to content creators and content curators. 15% are distributed to vested token holders, and 10% are distributed to Witnesses, the block producers cooperating inside Steem’s DPoS consensus protocol."
It appears the developers/witnesses get attacked for a lot on here yet they seem to be doing things, over time, that improve the outlook dramatically.
I really dont get the negativity about the development team and why some feel they lack focus...fork 20 is going to solve a couple major issues and SMTs, which some seem to be down upon, will open up the path for a lot of traffic in my opinion. I guess. people just are naturally negative.
I feel steem has an identity and a direction...something other chains appear to be seeking.
A lot has changed on Steem which is still in the heads of cryptocurrency enthusiasts who have no further interest in this blockchain. Most of the bad publicity actually does come from these people who are having their prejeduces from the early Steem days.
From the BLUEPAPER...
https://steem.io/steem-bluepaper.pdf
"The rate that new tokens are generated was set to 9.5% per year starting in December 2016, and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5 years."
"Of the supply of new tokens created by the Steem blockchain every year, 75% of those tokens compose the “rewards pool” which are distributed to content creators and content curators. 15% are distributed to vested token holders, and 10% are distributed to Witnesses, the block producers cooperating inside Steem’s DPoS consensus protocol."
Damn @robert-call....
There you go again...bringing out those things called facts again.
Nice one I did not know this.
Thanks Robert for the clarification. Many people have wrong ideas about how Steem works. We all need to educate them.
Doubling every year?
Where did you see that?
To be fair that was the old inflation model. Thank God they changed it.
It appears the developers/witnesses get attacked for a lot on here yet they seem to be doing things, over time, that improve the outlook dramatically.
I really dont get the negativity about the development team and why some feel they lack focus...fork 20 is going to solve a couple major issues and SMTs, which some seem to be down upon, will open up the path for a lot of traffic in my opinion. I guess. people just are naturally negative.
I feel steem has an identity and a direction...something other chains appear to be seeking.
A lot has changed on Steem which is still in the heads of cryptocurrency enthusiasts who have no further interest in this blockchain. Most of the bad publicity actually does come from these people who are having their prejeduces from the early Steem days.
Being relatively new to the site, I do not know what went on or who the players in this chess game are.
I can see that the prejudice still exists...but at $4 STEEM and heading higher, you would think they would settle down.
Some like to hold onto their misery and "be right"...that why they fell vindicated in their views.