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RE: Are you ready for a 20% decrease in Author Rewards?

in #steem • 7 years ago

Last year, @jerrybanfield implemented a smart system for the development of Steem:

7 years ago in #steem by
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     7 years ago 

    I had no idea, but it just goes to show that if that dipshit was able to make something like that, it surely isn't worth 100k in development costs. One up for @blocktrades.

    What appears to be the best solution to raise the money for the budget is to reduce the passive rewards paid out in Steem power interest and to divert 50% of the top 20 witness block production rewards to fund the budget proposals. This will make about 200,000 Steem available every 28 days to anyone paying 10 Steem to submit a proposal without having to increase inflation.

    At least he was on the right track with taking a % from top 20 witnesses.

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