Hi @bateman
When funds need to be put back into the rewards pool, who is putting it in?
And when you say they are taking it out, is that just people transferring steem into bitcoins to get the cash?
And what does 'sat' mean?
Other parts that I do understand are awesome. I will check out every one of these.
upvoted
Thanks
The system is trustless such that by design, the reward pool is funded each day by a calculation of the price.
People who claim or cash in their rewards are simply claiming from the reward pool. They do not necessarily have to sell for bitcoin or whatever. Just thee allocation of the daily funds to authors and curators.
"Sat" is 0.00000001 Bitcoin. It is the smallest unit of Bitcoin.
Thank you, I understand now