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RE: Research in progress (Part 3)

in #sbd • 6 years ago

Thank you very much for the delegation of power. Now I will be able to increase the vote for the comments and post. I am really very grateful.

By the way, what is this Excel sheet for? What do you calculate with it? How does a post get its reward?

6 years ago in #sbd by
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     6 years ago 

    Hi jadams2k18!

    The spreadsheet is to calculate the % of SBD/STEEm that is printed (created). for example, there are $5000 to be distributed as rewards: 50% is distributed as SP and the remaining 50% is distributed as STeem or SBD, depending on the debt ratio.

    As far as I know, post's rewards depend on votes and the weight of the vote. You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

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       6 years ago 

      Rewards come from inflation

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         6 years ago 

        How so? And excuse the questioner.

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           6 years ago 

          Every time a block is created, steem is created too. New steem are distributed to witnesses, authors and curators (or bots, jajaa)

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           6 years ago 

          I see, so that's how STEEMs are born.

          I've never really been interested in knowing where they came from til now

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             6 years ago 

            This is from the blue paper:

            The rate that new tokens are generated was set to 9.5% per year starting in December 2016,
            and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation
            will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5
            years.
            Of the supply of new tokens created by the Steem blockchain every year, 75% of those tokens
            compose the “rewards pool” which are distributed to content creators and content curators.
            15% are distributed to vested token holders, and 10% are distributed to Witnesses, the block
            producers cooperating inside Steem’s DPoS consensus protocol.

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               6 years ago 

              This means that there is a fixed amount of STEEM to be created up to 20 years from now. And most of it is for rewards. Nice!

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                 6 years ago 

                You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

                I can usually see it before the 7 days are up, but in the end you get less than you expect.

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                   6 years ago 

                  The amount that you see is an estimation in terms of SBD and changes daily.

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                     6 years ago 

                    No wonder there's so much difference between reality and what's estimated

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                       6 years ago 

                      I think i made a mistake. According to this article, what you see in your post is not SBD but STU (Steem tokens units). There is detailed explanation in that post.

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