RE: Steem Dilution - Why? - Explained by hisnameisolllie

Viewing a response to: @teamsteem/re-hisnameisolllie-accounting-in-steem-steem-dilution-why-20160905t191744308z

steem-help · @hisnameisolllie · Sep 5 '16

I'm not 100% sure what is happening to the 20 Steem per minute that were allocated to Liquidity Rewards. Post me a link when you find out @teamsteem. I figured the impact would be small enough (2.5% of 0.19%) to discount from my findings, however I would be interested to know just like you...

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@teamsteem · Sep 5 '16

@hisnameisolllie Aren't liquidity reward closer to 7.5% of the 0.19%? Sorry If I'm totally off here. 

> Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per year, whichever is greater

Ah let me quote all of them. 

> Curation rewards: 1 STEEM per block or 3.875% per year, whichever is greater  
Content Creation rewards: 1 STEEM per block or 3.875% per year, whichever is greater
Block production rewards: 1 STEEM per block or 0.750% per year, whichever is greater
POW inclusion rewards before block 864,000: 1 STEEM per block (awarded as 21 STEEM per round)
POW  inclusion rewards after block 864,000: 0.0476 STEEM per block (awarded  as 1 STEEM per round) or 0.750% per year, whichever is greater.  
Liquidity rewards: 1 STEEM per block (awarded as 1200 STEEM per hour) or 0.750% per year, whichever is greater

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@hisnameisolllie · Sep 5 '16 (edited)

At the moment, Steem Creation is running at 270% per annum.

800 Steem per minute, 20 of which were allocated for Liquidity Rewards. 2.5% of New Steem.
1200 x 24(hrs) x 365(days) = 10,512,000/0.75% = 1,401,600,000

There would need to be 1.4bn Steem in existence for the 0.75% per annum clause to be implemented..

Current <150m in Circulation

I am talking in terms of % of new Steem...

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@hisnameisolllie · Sep 5 '16 (edited)

Just to be clear, if liquidity rewards were running, they would be greater than 0.75% currently. 

Apologise for the scatter brain reply. I'm on my phone. I'm well aware I not being as clear as I could be.

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