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RE: STEEM Rewards Pool Over $2 Million And Other Interesting Tidbits
In absolute terms, the rewards pool is filled every day by inflation, with around 43,000 STEEM. So if you multiply this by 7 - the number of days used as a buffer for rewards payments - you get a "minimum" value of 301,000. It could get to that size if voting activity will "drain" it completely every day (which doesn't happen now) and if all the leftovers will be claimed.
43000 steem per day created freaks me out a little bit. I hope the value of my small stack of steem doesn't get hurt
This is normal for any cryptocurrency - 1,800 new BTC are mined each day, 20,000+ new ETH are mined each day, etc.
STEEM is better than them and most others because 1. the rewards mostly go to content creators and curators rather than all to miners, and 2. Some of the rewards go to Steem Power holders as a kind of interest to compensate for their stake being diluted by the inflation.
You may not notice it, but your Steem Power goes up a little bit all the time without you claiming rewards or powering up or anything.
Thanks for explaining.
Do you know what the Steem inflation rate is and if its variable or fixed?
Thanks for this, I was going to reply too, but you beat me to it by a few seconds :)