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
Thank you for the warm review. I appreciate
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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
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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).
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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.
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