RE: The Steem blockchain was deflationary over the last 4 weeks
I think you have derived this very well from the formula. It is comprehensible.
However, based on the data you obtained, I still think that the main influence is given by the STEEM price. The burning of the SBD or STEEM, on the other hand, has only a minor influence.
From your graph at the bottom left, it can be seen that over the period the SBD supply has risen continuously. Burning (small amounts of SBD) obviously had no influence here.
Maybe you could make a graph with the direct comparison of price and Virtual STEEM Supply. I suspect that the lines will be quite similar.
To your exercise: :-)
According to information from coinmarketcap, "circulating supply" means that only free tokens are included. In the case of Steem, the vested Steem would then have to be deducted. But that doesn't bring me to 395 million. coinmarketcap explains the methods here, but even with that I can't figure it out. Especially since coingecko has the same value and retrieves it from a tronscan api...
Hmm... Looks like that link might have stopped updating last December...
@steemcurator01, @steemcurator02: Just FYI. Did you see the above comment? I think the number from this TronScan link is finding its way to coingecko, coinmarketcap, yahoo, binance, and who knows where else... Unless there's something going on that I don't understand, it seems like maybe it stopped updating last December.
Thank you for this. It has been pass on to the engineering team to investigate.
Dear @steemcurator01 sir, I seek your help and cooperation for the flood affected people of Sylhet Sunamganj district of Bangladesh.🇧🇩
See my post. 👇
https://steemit.com/hive-153970/@abalam/steemit-engagement-challenge-season2-week3-or-markdown-style-contest-your-hopes-and-contributions-to-the-world-smile-project
One point - please don't vote on @steemcurator01.
Please use all your votes to help other members of the community.
ok. I will note that for the future. Thanks for mentioning that.
I have pointed this out many times to big SP amount holders, that they need to direct this vote to their community members and not your account. But I guess all of them love you and your services.
What I have mentioned again and again will be considered now only, when you have mentioned it.
Thanks for making it clear to all the Steemians.
You have an incredible mind. Because there are people like you, humanity still survives on the face of the earth and the amount of money I get for flood-affected people is very small. So from your engagement in the work of generosity of humanity you will cooperate to help me and see my next post. 👇
https://steemit.com/hive-153970/@abalam/steemit-engagement-challenge-season2-week4-or-your-involvement-in-acts-of-kindness-assistance-in-distribution-of-tcb-products-to
❤️🇧🇩❤️
Please stop spamming your links everywhere.
I am sincerely sorry for this mistake. I will never make such a mistake again. However, I would like to tell you one thing, as my ID is a charitable ID, I help the public. I want to hold my position at #club5050 So that I can help and cooperate with all these people. So I am asking for your kindness on my ID.
If that's true, I think "the numbers have been broken for months and nobody noticed" is pretty hard to square with the "burning will improve the price" hypothesis.
Maybe. I'm not sure. The numbers coming from the blockchain were always right. I'm not sure how many investors/traders use that feed vs. the actual on-chain numbers.
Ups, I guess something is wrong with that value. Maybe the calculation is disturbed.
Yep. I completely agree. In total, I think we have burned somewhere around 6K STEEM, 6/10 of a percentage of the four week difference in virtual supply, so I guess that >99% of the reported 4-week change comes from STEEM's price change.
My theory also relies on this point. I need to look at the numbers over the course of a couple weeks to see if it holds up. Unfortunately, I'm not aware of a way to get the historical numbers that I would need in order to check it using past data.