Steemit Crypto Academy- Steem Blockchain(Inflation, Recovery Account, Encrypted Message)- Week 7 @gaby7491
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Greetings to all the members of steemitcryptoacademy, first of all I want to thank Professor Sapwood for implementing these issues that help us a lot regarding inflation on steemit in the next 15 years and on the security of our account within the platform. OK lets start.
As most of the STEEM tokens will be minted in the next 10 years or so (on account of inflation), how important it is for you to build your SP in the next 10 years and build significant influence power in the form of SP? How difficult will it be to earn STEEM rewards after 2031? From 2021 to 2031 how many STEEM tokens are going to be minted(approx)? In which year the inflation and Block reward is likely to saturate(tentatively)?
We are fortunate to be part of this platform today, and that the great investors and teachers are supporting us in rewarding our tasks week after week with paid votes, this allows us to increase our SP little by little, we must give everything for everything the next 10 years since afterwards it will be more difficult to increase the SP, since around the year 2037 it will be saturated.
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Taking into account through the table that in this year 2021, we have a total of 391,804,970 steems generated each year and through the decreasing inflation generated each year of 0.42%, we can know by subtracting the steems generated between the year 2031 and the year 2021, then we have that approximately 29425.5 billion steems will be generated.
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Using the following diagram and knowing the decreasing inflation that we present each year, we can deduce that in the year 2037 the steem will fall into saturation.
(2) Who is your recovery account in Steem, how do you check it(Hint- Steemscan), include screenshot(s)? In the case of any unforeseen event like hacking what information do you provide to the recovery account(or the trusted account) to initiate the recovery process?
First of all, users who know decentralized platforms know that in many of them the master key cannot be recovered if you lose it, it is the same to speak of a seed phrase or something similar, after it is lost it is not possible to recover it.
In this platform you can generate a claim in order to know that your account was stolen. We will do it in the following way as explained by professor sapwood, there is a range of 30 days from the day you lose it.
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(3) How do you send an encrypted message(private message) to another peer in Steem Blockchain(include screenshot/process)? Which key is required to send a private message and which key is required to decrypt it? (Example/Screenshot)? Either send an encrypted memo-tag to exchange and send a private message to another user?
An encrypted message is a secret message that we send through a token transfer between platform users, but we have to be careful because it is not always advisable to use the master key for anything, to send the message you only have to enter your wallet and place a # at the beginning of the word, without spaces as I will show below.
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Conclusión
I want to mention that today it is important to take full advantage of our account, since in the future we will be the only lucky ones to have a high SP and we will be the pioneers of the platform, since beginners will depend on us to generate their steems.
CC.
@sapwood
@steemitblog
@steemcurator01
@steemcurator02
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