You are viewing a single comment's thread from:

RE: Wazaaaaaa

in #friend7 years ago

4 votes 4 views, unheard of in the autobot world of harvesting all the curation rewards you can with billions of millions of steem power while the majority of users cannot even make a post go up by 1 cent, it's alright, even if all the big accounts worth 90% of the network get bought up for cash money and they all power down undoubtedly driving the price of steem even more into the ground, the ones that see the promise of transparency and decentralization will remain regardless of the rewards and the function will create the minuscule reward pool every day, and in short time it will be back where it was, without investors dumping cryptocommodities into it, simply because steem increases by 100% every year.
Check out the whitepaper, although the specifics of certain things have changed, like the timeframes for powering down, and post count, voting power, the idea is still very much the same.

It will go like this, 1 grain of seed this year x 100% next year will be 2 grains of steem, and then 2 x 100% will be 4, 4 is 8, 8 to 16, 16 to 32, 32 to 64, 64 to 128, 128 to 256, 256 to 512, 512 to 1024, 1024 to 2048, 2048 to 4096, 4096 to 5192, 5192 to 10384, 10384 to 20768, 20768 to 41536, 41536 to 83072, 83072 to 166144, 166144 to 322288, 322288 to 644556, 644566 to millions in no time from the bottom up.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 65046.03
ETH 3451.46
USDT 1.00
SBD 2.55