Baseline supply information at the beginning of proposal #116 [burnsteem100]

in Steem Oasis 🌴 • 25 days ago (edited)

Unfortunately, I can't reproduce the usual inflation visual at the moment because SteemDB has not been giving back useful inflation numbers since September or October. However, I started my own daily download back in October. Here's a rudimentary visual of the daily numbers that I've been downloading for the last 5 or 6 weeks.

Perhaps this will be useful as a baseline to observe progress as Proposal 116 moves forward.

Notes

  • Collateralized STEEM is calculated as virtual supply - STEEM supply.
  • The SBD axis is on the right.
  • All other series use the left axis.
#steemtalk #steemonomics #burnsteem25 #burnsteem100
25 days ago in Steem Oasis 🌴 by
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     25 days ago 

    I also record the global properties. The proposal is very good for observing certain things.

    The haircut price falls regularly. However, this does not happen when the SBDs are actually burned. I have noticed that the price is adjusted exactly every 1,200 blocks. I don't know why yet.

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     25 days ago 

    Maybe it happens at the same time as the median feed price gets updated? IIRC, that also happens once per hour?

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     25 days ago 

    That was a good tip!

    if( (head_block_num() % STEEM_FEED_INTERVAL_BLOCKS) != 0 )
   return;

    and STEEM_FEED_INTERVAL_BLOCKS = STEEM_BLOCKS_PER_HOUR = 60*60/3

    This also explains why it takes a little longer for sbd_print_rate to be reset to 0.

    [-]
     25 days ago 

    This also explains why it takes a little longer for sbd_print_rate to be reset to 0.

    Oh, good catch. I have been puzzled about that for a while.

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     24 days ago (edited)

    I'm not going to post these every day, but since it's a weekend, here's today's graph. After the first complete day of burning, the SBD curve already shows a bit of a dip. As anticipated, there are no visible changes in direction from the other curves.

    By my estimate, the total SBD supply, in and out of the SPS, would need to get down in the neighborhood of 4.9 million before all of the debt buffer would get soaked up and thevirtual supply and Collateralized STEEM would start dropping (assuming current values for the price of STEEM and current_supply). (This is consistent with this calculation from @moecki.)

    Unless/until the price of STEEM rises above the haircut price, burning SBDs is simply a debt transfer from the burned SBDs to the SBDs that remain. (Interestingly, this suggests that some debt is being transferred from the SPS to SBD holders outside of the SPS.)

    Edited to add: At the end of this burn exercise, I estimate the haircut price will be lowered to around $0.138.

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     21 days ago 

    I saw this post , and as well Decided the metrics can be always used by many peoples . So i added them to Blaze Scanner.https://blazescanner.org/supply-metrics

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