You are viewing a single comment's thread from:

RE: STEEM Rewards Fund Over $2,000,000 Again

in #steemit6 years ago
  • some of the users are simply forgetting to cash in their rewards, which are "stuck" in the rewards pool

Probably many of the users who abandon their account (of forget/loose) also have haven't redeemed their rewards. Will their rewards be forever stuck in the rewards pool, and does that have any long term consequence for the functioning of the rewards pool?

Sort:  

Will their rewards be forever stuck in the rewards pool

If they don't cash in, yes.

does that have any long term consequence for the functioning of the rewards pool?

I don't see how.

Hmm, not sure I understand this?!
To my understanding the rewards are stuck in the accounts reward balances, but not in the Steem reward pool?
The Steem reward pool is defined from all active rshares (recent_claims) in combination with the network inflation (reward_balance) and the price feed. This defines a Steem value for rshares. On payout time, the rshares values are credited to the account reward balance as STEEM, SP and SBD using this value. To my understanding this is not part of the Steem reward pool then anymore. After claiming resources, the account reward balance is transferred into the account STEEM/SBD/Vests balance. The quotient of total_vesting_shares and total_vesting_fund_steem should not change between before and after claiming rewards. Am I missing something?

As far as I understand, if rewards are not claimed, they remain in the rewards pool. Otherwise I couldn’t explain its irregular variability. So, as long as you don’t cash out what’s in your rewards balance, this should count towards the rewards pool as well.

But I might be wrong.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 60526.80
ETH 2335.69
USDT 1.00
SBD 2.53