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RE: Decreasing Payouts, Exprt opinion???
Definitely sure. Now, I'll try to give more information but I'm not sure all of what I'll be writing is entirely correct. There is a defined inflation for Steem from which all rewards are based on. SPs given to witnesses, SP given to Authors and Curators they all come from inflation rate Steem is on.
For example Bob, Lisa and Jane are all members of the Steem community but Jane doesn't vote. Rewards are only shared by Bob and Lisa ( 50 / 50 ) so if all of them vote they would have ( 33.3 / 33.3 / 33.3 ).
Now this example is watered down to the basic level ( I assumed they all have the same number of SPs and I took out Curation and Witness rewards and so on ) but you get the jist right?
To be damned, then this platform just have a specific growth range, it can not facilitate millions of customers, but just few hundred thousands.
Oh it can. The value of the rewards is pegged to Steem. So the more valuable Steem the higher in Steem Dollars the rewards can be.
Steem was roughly $.20 3 Months ago and last week it was at $2 ( a 10x growth in value, so if we had the same set of rewards 3 months ago they would have been getting 1/10th of the reward than we are getting now. Likewise we would be looking at 10 or 100x more valuable rewards than now if the userbase of steem would be 10 to 100x from now.
You are right in another sense, but read all the comments and understand there is something we are missing, its not just steem price.....
That is not true. It is all about the STEEM price.
Because it stays the same and more people are joining steemit, the post-payout value is going down. But even with so many people you could see post-payout increase if the STEEM price would go up. :)
Yes. I agree to what you guys have said. Steem can definitely Scale.
Can you give me some official source link? What is this witness thingy? How to become witness?
You can read the whitepaper here
https://steem.io/#whitepaper
Being a witness is a tough job and you have to be voted to be one ( just like how a politician can be voted by the masses ). There is more on that on the Whitepaper.
Thanks for this link