this time i 'am going to talk about the rewards pool .
so if you're on steemit and you get rewarded for either authoring or curating a post those rewards come out of the steem rewards pool , so many use big round approximate numbers to explain this just so it's easier to follow so every day about 65,000 steem are created by the steem blockchain out of thin air 75% of those so around 50,000 steem are added directly into the rewards pool every single day .
Now the rewards averages everything over a 30 day period so think of the rewards pool as a 30 day long pool that moves through time every single day you have 50,000 steem added to it and every day some of those steem get paid out so it could be more than 50,000 it could be less for instance after hard fork 19 happened there was so much voting power being used that way way more was being paid out every day than was added right there were days where more than a hundred thousand seen were being paid out even though 50,000 were still entering it every day .
So right now actually as I'm making this post the rewards pool is only about seven hundred thounsands steem so it's been severely drained and i expect that it will start filling up again soon because if you think about it if 50,000 steem are being added every single day and approximately that many are being paid out then over thirty day period the pool should settle somewhere around 1.5 million steem right so the rewards pool in general you should think of as having about 1.5 million steem in it and depending on how much voting power gets every every day used every day certain amount gets paid out but again every single day 50,000 news steem get added to it so now out of the steem that gets paid out half of it or just over half of it gets paid out in steem power and just under half of it gets paid out in steem dollars now these steem dollars don't ever really because steem unless they are converted using the conversion tool in your wallet.
right so they remain part of the virtual supply of steem so even though they're included in the steem inflation rate that we all talk about the 9.3 percent inflation that's happening right now and will continue to decline over time the steem dollars don't actually end up being steem unless they are converted and so all these numbers right when we're talking about steem and how big the rewards pool is those numbers are going to go down over time as steem inflation goes down because the inflation rate of steem will drop by one percent every year until it settles at around one for one percent around ten years from now and then i'll just be one percent every year but you can expect that the amount of value in the rewards pool will probably keep going up even though amount of steem is going down as each individual steem is worth more and more so even when the rewards pool is much much smaller than this in the future as far as steem goes you'll still probably be much larger in terms of the amount of value in us dollars or in bitcoin that it's paying out every single day so that's the rewards pool.
Let me know your opinion about it
