Why the need to dilute the supply of steem power if 9/10 of it are wiped out every 3 year?
Another question. Posts on the steem front page are being rewarded more $ than a week ago due to the steem price rise. It means that the mecanism in place rewards the same amount of steem per posts. This creates a situation where the more content is published the less rewards each posts will get. Wouldn't it be better to reward a certain amount of steem proportionally to the current steem price, so that the higher the price of steem goes the more post can be rewarded instead of the higher each post can get rewarded. Hopefully that make sense lol
The supply of STEEM is diluted to incentivize long term investment. Most Steem is created as SP, rather than liquid Steem. Unfortunately I don't have time to go into it further, but that is the quick and dirty.Another question. Posts on the steem front page are being rewarded more $ than a week ago due to the steem price rise. It means that the mecanism in place rewards the same amount of steem per posts. This creates a situation where the more content is published the less rewards each posts will get. Wouldn't it be better to reward a certain amount of steem proportionally to the current steem price, so that the higher the price of steem goes the more post can be rewarded instead of the higher each post can get rewarded. Hopefully that make sense lol
There are a lot of mechanics at play, but it really is well conceived when you wrap your head around it.
What's next on the Steem dev team agenda? Create a working prototype of a perpetual motion machine?
