SteemPower increase is gradually falling. Author Rewards will be paid as Steem instead of Steem Dollars.
I was wondering the last days why i get less and less interest on my Steem Power, yesterday i read an article from user @me-tarzan about this Topic he published 3 days ago. You can read the full article here. He said:
After studying this spreadsheet you can see that the rate of SteemPower increase is gradually falling . The rate of increase per day started at 0.69% on 8 / 2 / 2016 and on 9 / 1 / 2016 is at 0.58% . This rate per day will continue to fall proportionately until it stabilizes some where around 0.176% to 0.25% per day . That should happen come April 2017 .
I finished to read his article, but now i am even more confused. When i started with Steemit, i was impressed about the daily interest rate, thats why i invest in the first place. So can anyone enlighten me whats going on?
Update:
I just talked to @pharesim, because i really like to know how this works.
Thats what he said ( in german ):
@pharesim: 90% aller erzeugten Steem gehen an SP holder. Je mehr Steem in SP, desto weniger erhält der Einzelne.
@elyaque: Das heisst wenn keine Liquidität auf dem Markt ist sinkt die tägliche Rate, richtig?
@pharesim: Ja.
Here the translation:
@pharesim: 90% of all created STEEM are distributed to SP holder. The more Steem hold in SP, the less STEEM are distributed to each holder.
@elyaque: That means if there is no market liquidity, the daily rate drops, right?
@pharesim: Yes.
Conclusion: The rate is variable , so it not a fixed rate which is gradually falling.
Thanks @Pharesim for explaining this to us.
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The next Topic i like to discuss today is from user @hisnameisolllie, he said:
Steem Dollar Stability: When Steem Dollars hit's 2% of Market Cap (we are currently at 1.92%), Author Rewards will be paid as Steem instead of Steem Dollars. This will reduce/limit the debt burden on the Steemit system which a number of users have been concerned about.
You can read his full article here. Is this a good or a bad thing? Anyone?
Update: This question finally has been answered: @hisnameisolllie wrote a Post about it :)
/@hisnameisolllie/steem-sustainable-debt-to-ownership-ratio-explained
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