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RE: Convergence: The Key To STEEM's Massive Explosion In The Near Future: Part 6
Because your X% is not going to hold constant
Why not?
As I said in my first comment
As long as one’s SP at least keeps up with the rate of Steem inflation
Sure, if you keep cashing out, your percentage of total SP will drop over time. But since yearly Steem inflation is “only” about 9%, keeping ahead of that by not constantly cashing out is not difficult.
Not all STEEM is in SP.
If, for example, there is 50% of the STEEM available is in SP, and I buy the other 50% on the open market and power it up, I just entitled myself to half the reward pool. Hence, what was 100% based upon the previous SP is now 50%. And you will only maintain that percentage if you vote your full allotment of VP a day...because the entire ecosystem is voting daily at 100%.
Secondly author reward are 75% of the pool. If there are 100 articles a day, an an example, and you write 3, all things being equal, lets say you get 3% of the total authorship pool. Now what happens when 30,000 articles are written a day? You still going to maintain the same 3% take of the author pool.
Sure in the real world, not all articles are created equal. However, you have around 25K active users a day....think about that number being 250K a day....ever at 3 cents, 5 cents, 20 cents, those 225K minnows are going to start sucking a bigger portion of the authorship pool.
If there is 100,000 SP available a day right now with 25K active users, you dont think the average reward will decease 6 months from now if there are 250K active users even if the pool increase to 110000 SP a day? Of course it will.
Sure, the average reward will decrease, but I just don’t see why the rewards for UserX who maintains X% of Steem Power would necessarily fall dramatically.
If UserX stays active posting, commenting, self-voting a bit, and curating, I don’t see how UserX cannot, at a minimum, keep up with inflation. And holders of SP earn Steem interest, currently of about 1.9% per year:
https://steemit.com/steemit/@preparedwombat/how-much-interest-does-your-steem-power-earn-i-finally-figure-it-out