Total Number of Vests on The Steem Blockchain
I'm still working out the mechanics behind the Steem blockchain assets, and I have the following questions regarding vests (i.e. Steem Power):
- Is there a way to figure out the total number of vests on the network?
- Is the number of vests limited, or does that value continue to grow?
- If the number of vests grow over time, what protects holders of vests from dilution?
Thanks!
Hmm that is a good point. However, that would be based on the assumption that the rate at which the user base grows (~rate at which STEEM/SP demand/value grows) is higher than the rate at which new STEEM is generated. What formulas determine these values?
Ah crap, I responded to you like an hour ago but the blockchain ate it.
get_dynamic_global_propertiesAPI call astotal_vesting_fund_steem. This number is also shown on both steemdb.com and steemd.com (in the right columns).Thanks @jesta! For question 3, could you point me to resources which might contain an explanation that protects SP holders from dilution?
Yeah I hope someone who knows the formulas would be willing to share them. Thanks @happychau123
welcome !
Hi @valencra, to find out your vests go to here.
To answer your other questions, your vests will go up in return for your participation on the chain, which generates new blocks of steem.
As the vests increase, so doth thine value grasshopper.
Peace!
Thanks @hatchi!
Here to help!
Wow you really have a lot of question about steemit:)
but sadly this time i cannot help you like last time because I am not sure ^^
What I can tell is STEEM is generated periodically (should be unlimited but grows linearly)
Haha yes I have quite a bit of questions about the platform :P
That kinda makes me worry 'cause that would mean that holders of Steem Power are bleeding their net worth due to inflation.
Thanks for answering my question with what you know :)
let's think in the other way,
more and more user are joining the community as well, the demand of STEEM or SP will become higher and higher with time (At least I think so), which is working quite against the inflation.
It is not quite like any currencies, e.g. USD, they are just printing paper but the population remains constant, however steem is growing in this case :)
just my opinion anyway:)
Hmm that is a good point. However, that would be based on the assumption that the rate at which the user base grows (~rate at which STEEM/SP demand/value grows) is higher than the rate at which new STEEM is generated. What formulas determine these values?
hmm better ask a econ guy for formulas then ^^
Yeah I hope someone who knows the formulas would be willing to share them. Thanks @happychau123
Never get any idea yet. also no information. but trying to figure out. nice question. upvote and follow!
Nice. Same here. Let us know if you figure something out :)
Sure