Liquid STEEM Report Nov 7, 2018
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 8.68% 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.
I hope you enjoyed reading my Blog. Please remember to Upvote, Resteem, and Follow. Thank you.
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For a breakdown of how Steemit Rewards system works:
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
Thanks mate I actually got my head around that and found that information useful I had one question.... Do you know the date for each year That the inflation kicks in? So I can Convert my liquid to sp before that time comes?
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Glad you like it.
There is no date. It relies on the number of blocks created on the STEEM blockchain. It is also not annual. Instead it is reduced by 0.01% every 250,000 blocks created . It happens about every 2 to 3 weeks. The actual printing of the STEEM happens each block which is every 3 seconds. However, it is not liquid yet after printing. It first goes to the voting pool and then it is rewarded when the people are upvoted.
In short, there is no reason to convert as a result of any jump in liquid STEEM because that doesn't happen from inflation. It might happen for other reasons such as a mass power down or sudden interest for many to power up.
For instance, if there are many users getting accounts and most of them are buying up STEEM to power up, there will be a shortage of STEEM which could drive up the price of STEEM.
Also remember that Liquid STEEM and SP are the same currency. The only difference is that SP is STEEM that is in long term storage. It is that long term storage and the desire to benefit from rewards of SP ownership that could cause a shortage of Liquid STEEM.
Interesting wow. Will let that sink in and work out what I'm going to do with my liquid steem. I've just sold a few steem monster cards so might invest back into some.. Unsure.
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Thank you good post it did actually help me, and with the reply to meddkellys question I am even more informed. Thanx I feel a little more comfortable bride to in getting some steem to putni. The system.
I am very happy to hear you found it helpful. Thanx for your support
steem shot at any
Buen Post, Grupo @SteemitElite
Good info.