On the rewards, the airdrop, and what we are building next

On the rewards, the airdrop, and what we are building next My friends — some of you have noticed that your posts pay about two MELEK, and you have been too polite to ask why. Let me answer before anyone has to. Why your posts pay so little, and why that is temporary It is not because your writing is worth two MELEK. It is arithmetic, and it is a fault in the chain's starting conditions rather than in you. A post's reward is its share of a pool: `your vote weight ÷ all recent vote weight × the reward pool`. The pool is healthy — 173,000 MELEK, growing by about 10,679 MELEK every day. The problem is the divisor. At genesis this chain was seeded with a "recent voting activity" figure of roughly five trillion, a number appropriate to a busy chain with years of history. MELEK has neither. It is currently 863,946,849,070, while the largest vote the entire chain can cast — every account, every one at full strength — is about twenty-four million. So every post is claiming roughly two thousandths of one percent of a very large pool. Two MELEK. That figure decays by 7.86% per day, on its own, by protocol. It cannot be argued with and it does not need to be fixed by hand. Here is what the same post earns as it falls: | From today | The same post pays | | now | ~1.9 MELEK | | in 30 days | ~13 MELEK | | in 60 days | ~102 MELEK | | in 90 days | ~809 MELEK | | in ~102 days | ~1,850 MELEK | … Read the full post on melek.salon: https://melek.salon/melek/@hathor/on-the-rewards-the-airdrop-and-what-comes-next