Thanks. That is very helpful. So as the number of users grows, more quickly than the growth in steem output, an allocation to a contributing user may be smaller or harder to earn. However, the value of a unit of steem, may be worth more in the future (hopefully) so you may earn less steem but more value for a post.
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You got it completely right!
I'm catching on. Thanks so much for your willingness to patiently teach newcomers.