RE: Why do SBDs start and stop printing? A simple visual.
Thank you for posting a good and easy-to-understand article about the issuance conditions of SBD, the relationship between STEEM and SBD, etc.
It was very helpful for me! :)
While reading the article, I had a question about the data of the pie chart.
I found the data in the market info and system info of steemworld.org (thanks to @steemchiller for providing a great tool). The STEEM and SP data that I found are roughly similar to the numbers in the pie chart, but the numbers for SBD are quite different.
<Steemworld.org data>
- STEEM: market info -> Virtual Supply 529,989,352.586 STEEM
- SP : system info -> Total Vesting Fund 184,370,015.653 STEEM
- SBD: market info -> Current Supply 13,827,985.592 SBD
I have two questions.
First, is it okay to draw a pie chart with the STEEM and SP data that I found on steemworld.org?
Second, the SBD values I found on steemworld.org are quite different from the numbers in the pie chart, so I wonder how you got the SBD values. :)
Thank you!
On the first question, mine was calculated from the wallets of each of the accounts, converted from VESTS to SP one at a time, so there would have been many rounding errors the way I did it. Also, I noticed after posting that I was using an old conversion factor to get from VESTS to SP.
So yeah, a pie chart that is constructed with the numbers in steemworld would definitely be more accurate. I only used these approximations because I already had the chart in place from a previous report.
For the second question, the SteemWorld number is expressed in terms of SBD. But for comparing with STEEM and SP, it needs to be expressed in terms of STEEM debt owed. If the number of SBDs is 13,827,985 and the median price of STEEM is 0.264, then the value in terms of STEEM for the pie chart would need to be (13,827,985 / 0.264 ) = 52,378,731.06 in STEEM debt.
After that conversion from SBD to STEEM, the SteemWorld value is also similar to the pie chart.
0.00 SBD,
0.04 STEEM,
0.05 SP
Thank you, much appreciated!
Thanks to you, I think I can now draw the pie chart you drew using data from steemworld.org :)
0.00 SBD,
0.07 STEEM,
0.09 SP