If someone has a lot of SP, then he keeps flagging users' posts and also upvoting himself, is he going to get all the rewards from the pool?
If someone has a lot of SP, then he keeps flagging users' posts and also upvoting himself, is he going to get all the rewards from the pool?
No. The pool is huge and no one has that amount of influence.
Just an assumption. If there is someone that powerful, would he get more rewards?
Based on the formula:
if Recent Claims decreased, there will be more Psteem.
In most extreme case, if RS=RC, Psteem = RB. One person will get all the rewards.
Yes, if a group controlled 51% of the SP they could theoretically use 49% of their stake to flag everyone to zero and take 100% of all inflation created with the remaining 2% vote.
They could also choose every witness at that point. This is what a 51% attack would look like on any Proof-of-stake coin, yet there is no incentive to take these actions because attacking a platform that you own is foolish. Everyone would just power down and cash out or (more likely) fork the attacker off the platform.
The logistics of owning that much stake are impossible. The only entity even close to owning that much is Steemit Inc, and as we all know they are putting downward pressure on the market, not buying back their own coin.
Thanks for your explanation. Make sense to me now.