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RE: [Steem] The Reward Pool and the Parable of the Token
Thanks for the info. I'm a little sad all of this isn't explained in the FAQ but faqit. I have a question though:
If I took that 10,000 SP delegation and instead gave out ten thousand 1 SP delegations to people who then used that one SP delegation to self vote – I would have affected the reward pool in exactly the same way as if I gave it all to myself.
That's not entirely true! Because whoever has the 10kSP gets more rewards. Strictly speaking, yeah, it doesn't affect the reward pool, but it does affect rewards?
Also, @freebornangle is not a valid user. Was this used just as an example?
Cheers
It really doesn't in the sense that I intended. There is no scaling in that sense underneath the system. Even if were talking about the interest rate trickle that holders of SP yet, that stays exactly the same when considered across the set of delegations.
Though you do have a point, because the possessor of the delegation gets the interest accrual and not those to whom it is delegated. To really be perfectly accurate my parable would have had to state "give away that SP" rather than "delegate it."
The difference is pretty minor, but accurate. Good catch.
Now, it's kind of an open question where those interest rewards for SP holders actually come from. I've been operating under the assumption that they are part of the constant reward pool and come out as some percentage before the votes get calculated in. Anything else would actually affect the overall interest rate per year, and that would seem to be a bigger problem. So I've been operating under the assumption that all of the SP interest gain comes from the reward pool itself.
It would be interesting to work out how much of the reward pool is actually getting directed to static holders of SP alone and how much of it is getting directed via votes, but I suspect that the math for that is going to be elusive. Someone may have already calculated it, for all I know.
That was me just picking up an original cut-and-paste error from the original that has since been fixed.
Though "freeborn angle" is a way better and more cool concept for a name.
It was, of course, @freebornangel.
Ok, thanks for the info.
Btw etymologically words angel and angle are likely connected. While some would say nooo angel is from greek angelos (messenger) from unknown angaros (mounted courrier), while angle is from greek ankylos (bent); truth is they can both be traced to sanskrit, and that means they are connected. Even if the word roots are only similar, they are connected. E.g. mother and material from sanskrit root matr-
:P
Or they both are oblique references to Hounds of Tindalos, which can only attack us through angles in our geometric universe.
No one wants to be chased by Tindalos Hounds!
Or both :P