Steem Inflation - am I missing something?
Since HF19 I can upvote 10 times a day at 100% and maintain 100% Voting Power. This gives out a good $3 or more per upvote with my 3000 Steem Power.
This equates to more than $30 a day and so 1% inflation of my investment. Has the HF19 resorted back to hyperinflation that was in the Steem model a few hardforks back in around November or December.
I remember at the time that the inflation caused the price to crash to $0.07. Are we to look forward to hyperinflation again ( I think anything over 25% a year fits the definition).
Am I missing something here? I have only seen people loving the new HF19 and I too had been hoping for a linear reward curve for many months.
The day we got it I was instantly surprised by how much my upvote was worth. I can't believe we are still only at the 9% rate of inflation comparable to bitcoin.
If this is once again a hyperinflationary currency, is the Steem price going to decline again? I can only think it will.
I think we are all a bit concerned at how this is gonna pan out?
I guess we are going to have to wait and see how it plays out.
No the inflation is still the same around 9,5% a year.
Good to know. In that case it just highlights how unfair the previous non linear reward curve was.
Interesting point you raised. I don't have the knowledge to answer but I am interested in an answer too. Maybe someone who's a witness, like @dragosroua can bring some light into this matter?
I hope my maths is wrong but I fear it isn't :(
Since HF19 I can upvote 10 times a day at 100% and maintain 100% Voting Power.
nope
if you start at 100% ten votes @100% uses it ALL up...used to it took 40votes...now just ten...recharge time is the same.
I understand but it's back to 100% in 24 hours so my maths still holds or am i missing something?
I don't think it's back to100% that quick
It has to be otherwise the 10 vote max voting power limit would be invalid. If this was not the case then voting power would trend to 0% power over time.
math is hard.
Haha 😎
Nice post man ! I voted you up :) Follow me, I'll follow you.