the rewards pool (which is shrinking a little each year)
Is it? The inflation rate is shrinking a little each year, but that’s not the same as the rewards pool shrinking.
the rewards pool (which is shrinking a little each year)
Is it? The inflation rate is shrinking a little each year, but that’s not the same as the rewards pool shrinking.
It is well out of date numbers-wise, but good for a visual of the dropping rewards pool.
I think a lot of people have forgotten about this, or never knew.
We are in year 6 now I think - so next year it will be slightly smaller than this year. But 5 years from now, 20% smaller, 10 years from now 60% smaller.
I don't know what it is with the current numbers, but I would assume that @demotruk has an idea.
Edit: Once it hits 1%, it starts to climb again, as the rate stabilizes and it is just growing based on the supply.
Come to think of it, this might be near impossible to predict. There's a known "de jure" rate of inflation that decreases by 0.42% per year, but the "de facto" rate swings up and down depending on what's going on with HBD conversions.
Yeah, it is more a rough guesstimate than anything else, but it will start decreasing in size at some point.
I think it is this year that it starts retracting. Might be next year too. In the hypothetical world, when it hits the 0.95% it would have been something like 7m Hive a year.
I will have to check. There was an old post from 2016 showing the progression. Of course, it gets out of whack with overpriced hbd and conversions etc. The stabiliser has brought the additional supply down a fair bit though.