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RE: Who Will Host/Witness Blocks for the Steem Blockchain When Witness Rewards Are Gone in 20 Years?
So after 19 years (give or take), no more STEEM will be created. That's how things are setup right now.
Sorry, but you are wrong here.
Steem will still be created in 19 years an foward. Steem is a inflationary coin and doesnt have a supply limit.
What Will happen is that the inflation rate Will be fixed at 0,95% (gotta check the number).
This means that, at that moment, If in year 19 100,000 is created, on year 20, 100,950 Will be created, and so on.
This is How the steem production Works.
Yeah, I thought it was like Bitcoin, as I recall Bitcoin will stop being printed after some time, no? But Steem avoided that issue, good ;)
Bitcoin have a supply limit of 21 million BTC issued. The miner "pay" will come from the transaction costs.
STEEM have no limit, only a fixed inflation rate.
BTW, Ethereum also don't have a supply limit.