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RE: Why You REALLY Need To Shut Your Whining About The New Promoted Tab

in #steemit8 years ago

that money gets taken out of the steem economy via the Grim Reaper account @null (an account where steem goes to die, more or less)

Except even the original post about this did say that the money was recoverable and may be used at a later date so this is not entirely correct. The team should give some clarification of on if these SD are actually truly burned or not.

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Agreed @thecryptofiend, clarification would be ideal, though they might just not have it all figured out yet either. We are ALL pioneers! Thanks for reading buddy!

Well there is some information on github for the next hard fork:

"null" Account Balances

Balances of the null account and zeroed every block. Because any funds in the null account are inaccesible, they are removed every block and
the dynamic global property object is updated to reflect the actual totals. This will remove funds from the supply, slowing the rate of inflation.

It still isn't specific enough for my liking though!

You're welcome. I enjoyed the post.

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