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RE: Steem Sustainability
Isn't the rewards payout rate fixed to the inflation rate? I thought voting just proportionately reallocated those rewards rather than altering the rate of distribution.
Isn't the rewards payout rate fixed to the inflation rate? I thought voting just proportionately reallocated those rewards rather than altering the rate of distribution.
From what I understand, there's a fixed pool that all of the rewards come out of (this is why pending payouts are always changing up and down over time), and the inflation fills that pool. This is also why HF 18 (I think? or was it 17?) which changed the nature of the rewards pool caused the rewards to drop so significantly for like a month while the pool was refilling.
Maybe I should go parse the code and try to figure out what's going on for realz... @biophil, @sneak, @vandeberg... I summon thee to help us find an answer!!!!
That's my crude understanding as well, though I've never actually read those bits in the code.