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RE: A call to separation of powers in Steemit
So that explains well, why rewards nowadays are getting smaller, its because lots of people are casting their votes.
What could possibly happen then if the steemit population reaches a million? Could it mean lesser and lesser rewards?
More a function of the market price of STEEM. Rewards are generated in STEEM, but then converted to SBD (and STEEM/SP). Lower price of STEEM is lower rewards. But, yes, more votes being spread out is a factor too.