Wednesday Blunt Sessions - When smoke runs out

3 months ago

Greeting everyone!

Another Wednesday and blunt sessions. This time I'll pair Northern Light and strawberry flavoured blunt.
If you're about to enjoy some nice flavours of your favourite strain, maybe you should think twice before wrapping it in this specific flavour. Strawberry is so intense and will cover some #strains aromas. Another option is to pair it with Strawberry Cough or similar in order to enhance the flavour.


Bit of a #nugporn

So, while I was smoking I was thinking about smoke, blockchain etc. Since I'm still pretty much noob about technicalities, one question stuck in my mind. What's going to happen when all Smoke is in circulation? Where does new SMOKE come from then? That's actually two questions but you get the point.

Thank you for stopping by!

Stay Smoked



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I think you will die before that happens. Sorry for being blunt.

Flavored paraphernalia is always there to mask the smell. I mean you are smoking flavored papers, if they did their job you shouldn't smell the weed that much. I remember we used to smoke it in dorm and my roomate next door asked if we smoked mushroom. But the smell was like herb, peppery like...

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I think you will die before that happens. Sorry for being blunt.

Well, I plan to live 35 - 40 more years so pretty much sure I'll outlive that moment haha. We're on the halfway already or nearly. The first 15 accounts hold 16.4 mil SMOKE.
Anyways, we could make a long term bet, Who's gonna last longer?

Good pun...

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Anyways, we could make a long term bet, Who's gonna last longer?

Let's not start gambling on who's going to die first :(

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We're all going to die some day... Why not make some fun until then??

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Incentivizing ones own death is ill advised

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I'm not Incentivizing anybodys death. I'm just aware that day has to come. Sooner or later, wanted or not. Not thinking of death will not make you immortal same as thinking of death will not make you dead. It's part of a life and you can't avoid it...

I don't think there's a cap, the rewards may just get smaller?

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Inflation is now at 9,5% and gets every year 0,5% lower. After 9 years we will hit our target inflation of 5%.

I saw something about max. coin supply, but I don't found anything in the whitepaper. The supply has no cap like Bitshares, when I understood right.

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The supply has no cap like Bitshares, when I understood right.

No new BTS are ever created, there's a fixed supply & tokens are released from the reserve pool to fund development & witnesses. Fees resupply the reserve pool, but the total supply of BTS (liquid + reserve) never changes.

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Exactly, there will be always inflation, so new SMOKE will be constantly generated but smaller amount with time because inflation rate will decrease.
Also the more users that join smoke will make the rewards get smaller, because the Reward pot will be divided by more people.

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They may get drastically smaller...

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No point worrying about issues decades from now

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I'm not worried, I'm just curious. It's good to plan your next step and by knowing more it's easier to plan...

New smoke comes from inflation rate. Its well explained in the white paper. Here is the excerpt:


So there will be always SMOKE coins.

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If I got it right...

5% annually of 42 000 000 is 2 100 000. Which leaves us with 5 753.42 SMOKE "average daily" reward pool. If, average daily rewards are let's say 6000 SMOKE we're spending more than inflation brings in.

Or, another POV...
Assuming there will be 2 000 000 accounts in 10 - 15 years. Inflation brings in 2.1 mil per year... Leaves us with 0.95 SMOKE rewards per active account per year on average.

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People don't earn whole BTC when they mine in huge pools with millions of users, just because it's a small number doesn't mean it has a small value in the future.

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I get that. It just means that rewards will be a fractions of SMOKE, not a hundreds of SMOKE.

When all smoke is in circulation , i guess the price of smoke will be higher but it will tell on the smoke platform cause there will be no investment here....i guess every post will become worthless..what do you think?

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I did some math above, have a look. Some posts will become worthless and generally speaking all rewards will become smaller.

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You think we can compare this scenario with steem? Idk I'm noob but they look very similar on how they work

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I don't think so, it's similar but not the same. Steem distribution is changing as well...

This comment is for test!