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RE: How do you like those big Ned delegations now?
That number is a 30 day compilation.
The blockchain creates so much steem per block.
Witness producer rewards are 10% of the steem created each block.
Just multiply one of those by ten, and every 3 seconds that much is created.
That is a great way to calculate the number. SteemD.com indicate witnesses get 0.21 per block . So, 0.2112606010/3 equals 30420. That is about half of what I thought it was.
75% of the steem created by each block goes into the rewards fund.
15% goes to sp holders according to how much stake they have.
The rich get richer, by design.
This is a relatively minor problem compared to the things the ruling elite built into Wall Street and the banking system.
The sad thing is that, by concentrating on this short term profit, the creators of the exchange may have built a system destined to crash.
No matter how low the price goes, the creators already have their money.
You can bet that the banksters sold on the high.
Now they want it to go low enough to get back in.