Crypto Academy Week 7 Homework Post for @sapwood

Hello every one welcome to another homework task post for @sapwood one crypto professor, this is week 7 now which is one month and 3 weeks and i have learnt a lot by participating in this tasks and i hope you have too.

Homework Task

(1) 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)?

In the cryptocurrency world we all know that every token started from somewhere example bitcoin it started from below $1 to $60000 all because sippy of bit coin reduced and it became more scarce as time goes by and this same thing is going to happen to steam, how?

In steem At every 250,000 Blocks, the inflation rate drops by 0.01%, which is roughly 8.68 days.

Let's do the calculation the month of March - 20225 is = 514 Million
Doing the calculations, from the year of 2021 to 2025( 5 Years), doing the maths 514-319 =195 million(in 5 years)

If you notice in the picture above inflation rate and new steem is decreasing as the year goes by so if you play it smart then you should accumulating SP now because according my researches and what the professor wrote, I noticed that steem is becoming more and scarce every year that means as the year goes by reward in steam gets smaller and smaller.

(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?

Let me use screenshot and explain this in a practical way.

Open a new tab in your browser and go to steemworld.org then sign in with you posting key and your username, click the dashboard button then click account details after clicking it you will see recovery account as @steem which you can change if you want.

Screenshots

(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?

Now I will be showing you guys how to send and message to someone and encrypt it that make it private so that only you and the receiver will see it.

I will be showing you this through screenshots.

Firstly long into your wallet then click tranfer on steem or sbd but I will be showing you with Steem.

Secondly fill in the necessary details then click on then next then you will be done.

Note that to send the message you will be using some of your steem and you must prefix the message with # without any space in the middle.

Conclusion
With this information I will be a better st demi an that I was yesterday anyway thanks for reading guys.

Best regards

Cc: @steemcurator01
Cc: @steemcurator02

Written by @okoyejoshua