Someone please correct me if I'm wrong on this, but I think the zero sum argument depends on whether or not the system in question is closed. If new sources are being introduced at any time, zero-sum can no longer apply. So is the circulating supply of steem fixed or not? Anyone know for sure?
RE: Self-voting, Vote Trading and Enlightened Game Theory
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Self-voting, Vote Trading and Enlightened Game Theory
It's not. New Steem is created for the reward pool
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I'm no game theory expert, but Steem is indeed an inflationary currency.
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The supply isn't fixed, I don't know the logic (numbers) behind it but the basis is that new steem is created each time someone powers up, so essentially what is creating the rewards is obviously new steem based on the function of people powering up..
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