RE: Crypto Academy Contest / S9W3 - STEEM Inflation

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Crypto Academy Contest / S9W3 - STEEM Inflation

in hive-108451 •  2 years ago 
Thank you,@loverboy10 for publishing an article in the Steemit Crypto Academy community today. We have accessed your article and we present the result of the assessment below.

Criteria Remark
Verified user
#steemexclusive
Free of Plagiarism
AI Article ✅ Original (Human text!)
#Club club5050
Bot free

Comment/Recommendation

  • You spoke well about market inflation and its effects on cryptocurrencies.

  • You have clearly explained the difference between deflationary and inflationary cryptocurrencies and clarified which type the Steem token belongs to.

  • You have corrected your calculations to arrive at the correct steem inflation figure on the day of publication.

Let's first take the difference;
6.81-6.78 = 0.03
6.81 - 0.95 = 5.86
0.03 = 1
5.86 = X
X = 5.86/0.03
X = 195.3 years.

It's wrong; The virtual supply is on a constant rise on account of inflation over the next 15 years, however, the rate of rise is likely to slow down after 2037 as the inflation saturates at 0.95%. So the virtual supply is likely to draw a flat contour after 2037.

  • You briefly talk about your decision to build your SP or not based on these figures.

Generally you have to do a good research to be able to answer most questions correctly.

Rating

Total| 8/10

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Thank you for the warm review. I appreciate

Does it mean that the new Steem reward will most likely be constant after 2037? Because that's what's most likely going to happen if the virtual supply draws a flat contuor and stop increasing

It will be very difficult to earn STEEM easily from 2037. In the cryptocurrency ecosystem, we have noticed that a decrease in block reward also paves the way for an increase in demand for coins. This could therefore be a strong fundamental for STEEM in the long term (especially after 2031).

Surely, Steem will be more difficult to earn in the future and that will add more value to the price. This particular contest have opened my eyes the more to understand a lot regarding Steem and the economics round it.