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RE: Dear Steem, What Exactly Happens When We Use The Promoted Content Feature? Share Your Experience!!!
thank you a lot for the effort you put in replying. but can you please explain the first answer a bit more; about have the steem dollars paid "are transferred to the null account where they are destroyed. This deflationary policy means that the value is redistributed to everybody". i didnt understand it well. and if you used 1 sd opposed to 10 sd, it still depends on how many people promoted their posts or on how much they used to promote their post?
Let's say there are 1000 STEEM and 10 SBD. If you consider SBD as the blockchain's debt, then we have 1% debt. If somebody pays 1 SBD to promote a post, we now have 1000 STEEM and 9 SBD, so we now have 0.9% debt. The benefits of the reduction in debt are shared by everybody.
The promoted ranking is based on the total amount used to promote, not number of people. So 10 SBD by 5 people is more than 5 SBD by one person.