Liquid STEEM Report Feb 25, 2019
This is a historical graph of both Total STEEM and Liquid STEEM supply
(Note) There are two different scales on this graph. For full scale, see graph below.
Liquid STEEM is the remaining STEEM that has not been converted into Steem Power. (Orange Line)
- When STEEM is liquid, it can be readily sold and purchased.
- When STEEM is locked away in SP, it is not liquid, It takes a significant amount of time to convert it back to a liquid form.
This is a graph of the same data. The data of this graph was plotted on the same scale to show the massive difference between Liquid STEEM and STEEM stored in SP
I created these charts with data that I collected over the last few months.
Why are these graphs important?
STEEM is created at a high rate. Currently 8.57% per year. Many Steemians have a concern about STEEM inflation with the high rate of new currency creation. These graphs show that there is a limited supply of STEEM. Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.
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For a breakdown of how Steemit Rewards system works:
https://steemit.com/steemit/@socky/simple-steemit-rewards-breakdown-how-it-works-since-hf20
For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-keys
For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read
How to improve STEEM payment system:
Dear @socky, this is good news, if the control of inflation or the disproportionate generation of steem contributes to its market price increase, then we are facing a scenario where we could say that the changes made in steemit are giving good results.
If not, correct me in my appreciation dear friend.
Blessings!
Pr. Euclides Villegas
The price of STEEM is heavily influenced by market pressure. Which changes were you referring to?
To the changes implemented in steemit ... They were not aimed at this happening? Or has nothing to do?
I don't recall any change that Steemit has done to reduce inflation. Their database change to reduce node costs could have long term benefits.