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RE: Coindesk Libels Dan Larimer

in #eos7 years ago

Also, with the dilution rate of Steem, prior the community vote to change it, those who held STEEM Power were being diluted at 9% per annum. Those who held regular Steem were diluted at 100% per annum. That has changed with the community vote. So now Steem Power holders are diluted at 1% per year. Simply holding tokens in Steem doesn't make anybody rich. You have to interact with content to generate additional Steem. If you just sit on the tokens you accumulated, they will gradually dwindle away.

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I think your numbers are a little off. 9% is now it was way bigger back then like 800% in tge first year. It was hyper inflation