RE: Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).

You are viewing a single comment's thread from:

Never Hold on to SBD! They Are Being Devalued At 583.8% Annually (48.65% Per Month).

in steemit •  7 years ago 

Thanks @trading-sweden

First off I have a question since I'm not yet familiar with every aspect of this platform: There is a difference of about 7% between total supply and circulation supply in steem according to the numbers in your article. What is this "non-circulating supply" and why is it accounted for separately from the circulating supply?

Answer as per @booster916 comment above

"The rate that new tokens are generated was set to 9.5% per year starting in December 2016,
and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation
will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5
years."

This is what I found in the bluepaper. It is really a pretty awesome system. @Dan really knew what he developed

Additional to @booster916 comment is the total supply is the total coins that will be in circulation once they stop printing more of the coins (Printing more coins means they bring in more coins into the Steemit ecosystem from nowhere and that is where the inflation comes from).

Total Supply - Is that total supply off all coins that will ever be in circulation.
Circulation Supply - Is the coins currently in supply

Agreed, that there is a lot of factors influencing inflation. When writing this post I tried to eliminate the other factors.

As I have written in one of the above comments:

You bring your explanations back to reality (real life) and it difficult for "educated" people to follow because they were taught that everything fit inside an equation.

One thing that I have realized in debating finance or economics is that there is a lack of words to express ones opinion. This is because the bastards that run the show know that the more you confuse things the easier it is to bullshit people (referring to the people writing the books on fait currency).

The inflation I refer to is purely based on the numbers (excluding) the Steem ecosystem factors. Lets call it Inflation01 (inflation02 being the inflation caused by a lack of interest or decrease of interest in the Steemit platform, hence the demand decreases). I know I did not make this clear enough in my post but I try and keep the posts as short as possible not to boar readers.

That is why I looked at a specific market cap.

Thanks for your comment @trading-sweden and taking the time to read the post.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!