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RE: Burned tokens, rewards, and inflation summary July 29, 2023: 212K SP, 142K STEEM, and 1,146 SBD burned in 65K burnsteem25 posts
Side bars and graphs showing all information in this post, this is really very informative blog but I'm a little confused about inflation rates for current supply and virtual supply, what is the difference between current supply and virtual supply? Hope I'm not asking a silly question because I know that steem and other all cryptos are virtual cash or currency then what is the difference?
To understand the difference between current supply and virtual supply, we need to remember that each Steem Dollar (SBD) can be converted to STEEM by the blockchain, with an assumed value of $1.
So, here's how I understand it,
As long as SBDs are not being printed because the SBD market cap is higher than 10% of the STEEM market cap, the virtual_supply inflation rate and current_supply inflation rate will be identical. If/when we see the blockchain start printing SBDs again, the two numbers could be different, because the virtual_supply inflation rate will change with the price of STEEM, but the current_supply inflation rate will not.
You can find more about that in
Thank you so much for taking time to explain about virtual and current inflation and things connected to it, you've added some reference links but your explanation is enough to make me understand but I checked them too.
Thank you once again sir for being so kind and make me understand such things that made me confused. I almost forgot about SBD.