@steem @dan
Why doesn't the whitepaper explain how reward and inflation may - or may not - change over time?
( - and earlier in the Whitepaper just along with mentioning those static/current numbers)
While the Whitepaper mentions self-regulating/dynamic interest rates,
the minting of new Tokens is presented through static numbers,
with no indication of change over time! (I'm refering to the 100% additional Tokens/year - 90% for vesting Steem Power and 10% for authors, voter, miners, liquidity) - also called "100% APR long term inflation rate" and the 10:1 split every 3 years)
The only clue about possible change over time is given through:
"According to the tool for estimating future inflation included with the Steem source code,
Steem by contrast will achieve an instantaneous annual rate of approximately 12% after just 1
year (not including the effects of SMD operations)."
Yet this remains vague (How to find/use that tool? https://github.com/steemit/steem/search?utf8=%E2%9C%93&q=inflation ?)
https://steemit.com/steem/@dan/draft-steem-constitution "4.0 Capped Inflation Rate" suggests voting to change rewards and inflation later. Is such voting implemented? Then how can the "tool for estimating future inflation" predict that?
Thanks