Is the whitepaper now deprecated? It's not linked on the new site and I was unable to open the link to the whitepaper.
Also, in the blue paper - I see:
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.
Who are the vested token holders? Is that intended to refer to the APR shown in the wallets? If so, is the 0.01% APR in the wallet produced by a calculation involving the total amount of new coins available for 'vested token holders' and the total amount of vested tokens in the system?
Thanks to anyone who answers :)
vested tokens = steem power
ok, thanks! I have been reading the whitepaper that i had saved on my computer and it makes this clearer.
So, 15% goes to steem power holders. How is it distributed?
linearly as far as I know
Every year?
non-stop, but I think it goes down over time (and will eventually approach zero)
Yes, that is better. Also, steem should always have a 2-3 dynamic inflation to fund the reward pool. I read that the inflation will go to 1% which I think is too less to fund the reward pool when there will be a lot more people in the platform.