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RE: How Big is The Rewards Pool? and How Much STEEM is Paid Out Everyday?
What a beautifully simple video explaining the reward pool for all of us. So, the reward pool is going to derease every year due to inflation rate decline. That means we won't get much Steem in future. But, we will get less number of Steem which is more valuable that it is now.
One question though. Would Steem Dollars keep existing in the reward system even when @steemprice (a bot by @blueorgy) goes higher? Steem Dollars will be way less valuable than they are right now (I didn't do the math though). What do you say?
Yes, going forward... the rewards pool has no ceiling as far as how much value it can distribute everyday, and I imagine the price of Steem will rise a lot faster than inflation will decrease.
I imagine that the function of Steem Dollars will be reevaluated by the community at certain points in the future, especially in the possible event of a US dollar collapse. But I don't see it going anywhere soon.
Hard to predict when the Dollar will collaps, but most likely within the next 10 years.
Yes
If the pool goes to 0 what will happen? Will they need to increase mining output? Make it so there is more steem mined per year?
Still confusing to me honestly.
@steemprice 😉 Sorry the bot was overwhelmed during its introduction so It couldn't reply to you (Will have work on that if it becomes popular)
$1.228 USD/STEEMVolume: 1.8484 BTC, 3755 STEEM / Average Price: 0.00049217Last Updated Tue Jul 25 18:54:42 2017