You are viewing a single comment's thread from:
RE: Are You a Minnow At The Moment? - Shocking Contest Results
Lol i was only looking for the meaning of the word so i could translate it to dutch and than maybe understand what meant with it. But if found a lot of information here. :https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things
Great! 🙂 It's a good article!
Just keep in mind this is a one-year-old article and the current Interest rate is miles far away from being that high, so we wouldn't be able (just by holding our STEEM in Steem Power) to double it (turn 240 into 480) in 12 months or 1 year. This has been changed long ago and active, if I recall well, only first 2 or 3 months after Steemit launch. After that, it was decreased to something around 9.5% per year, to be even further reduced after HF19 to current, somewhere in between 1% and 2% per year.
All of that is connected with and created to compensate the inflation, I was talking about in on of my previous replies to you (inside the conversation you had here with @rocking-dave).
ye it is a old article but it explains the words. Witch is helpful to me. Thank you.