Quote from: magicalacademy on July 21, 2016, 02:28:37 AM

Quote from: iamnotback on July 21, 2016, 02:11:14 AM

Quote from: magicalacademy on July 20, 2016, 03:12:23 AM

In 3 years all the new steem power that was created out of thin air to enrich the devs will be detroyed at a ratio of 10 to 1. So if you have 10 SP they will burn 9 from you and everyone else including themselves,

And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year?

This is incorrect. Please stop repeating this lie. I explained to you already in the other thread why this is wrong.

The rest of the OP was factual.

Whitepaper says : In order to compensate for the ever increasing precision, the STEEM network performs a 10:1 reverse split every 32,000,000 blocks (about 3 years).

what part of that did you not understand?

Smooth and I explained to you many times already that a reverse split doesn't dilute anyone's holdings. Please go educate yourself at investopedia.

http://www.investopedia.com/terms/r/reversesplit.asp