I'm trying to better understand how delegate pay works.
Delegates only get paid for the blocks that they create, correct? (So each delegate gets their turn once per 101 blocks, and they get paid then?)
Therefore, a delegate running at 100% pay would get 50 BTS per time their turn came, which happens once every 101 blocks?
If this is true, then if ALL 101 delegate were elected with 100% pay, inflation would be around 8% a year (simlar to bitcoin).
If only a few delegates were elected with 100% pay, and the rest are elected with 3% pay, then inflation will be very very small?