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RE: ALERT: Steemit Hard Fork 19 Active!
Great video Ted and very timely - up-voted (now about $0.30 - up from $0.01) and resteemed! Where do you reckon all this extra steem coming from - do you know if it is still 65,000 or thereabouts being produced a day?
This extra steem is largely being stolen away from the mega whales. Many of them wouldn't upvote always, but these rewards are still capped at 9.5% steem produced annually. Also notice that your voting drops faster.. this means you have less full powered votes per day. So for the super powered vote, you are robbing your total votes. 9.5% annually, is like 40 million in STEEM paid annually. This is where it is coming from. The mega whales were holding back their votes, and it was a practical thing... hard for a whale to vote on every post.
Thanks for the info Ted - well explained. With the numbers I am seeing this morning it is hard to believe that everybody with a PC and internet connection would not be jumping into STEEMIT. This could be massive! SK.