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RE: STEEMIT: Buy Votes, Get Paid!
Yes, the system is always creating more Steem, but it's creating that Steem at a set amount.
Yes, the system is always creating more Steem, but it's creating that Steem at a set amount.
That's correct. So if rshares stay constant, the value of current posts isn't affected.
However, if more people start voting (or just 1 big whale), the number of rshares will increase and the value of non-paid posts will fall.
Agree with you. Maybe I was just not saying it clearly, but what I was trying to say you already said perfectly in your guide.
It can work the other way around too...
Let's say a post is currently worth $5. Over the next few days, new Steem is created, but only half as many people are voting compared to recent days. That means there's a lot of new Steem with nowhere to go, so it goes to the posts that already has votes - the ones with pending payouts. Now your $5 post may have increased to $6.
This isn't exactly how it works, but it's the simplest way I know how to explain it.