After the halving: Steem inflation vs. BTC inflation

As you're most likely aware, the Bitcoin (BTC) halving happened yesterday. Accordingly, I thought it would be useful to publish a post-halving snapshot of the STEEM vs. BTC chart that I created for my quarterly inflation posts.

In terms of New Steem per day / New BTC per day, here's what we might now expect in coming years.

Noteworthy

• At present, 199 new STEEM will be produced for every new BTC. This is roughly double the pre-halving rate (of course).
• Over the next year, that declines to 198 STEEM per BTC
• Over the next four years, it declines to 184 STEEM per BTC
• The next time the ratio of new STEEM / new BTC would be expected to surpass current levels is at the next halving, circa 2028.
• The post-halving rate of decline for new STEEM / new BTC will decline more sharply after each of the next two halvings (and part of the 3^rd).
• I believe that this is the first four-year period in Steem's history where the number of new STEEM per day would be expected to decline in proportion to new BTC per day. (maybe it's even the first 1 year period)
• At the time of the 4^th BTC doubling (circa 2040), the new STEEM vs. new BTC ratio will have only increased by about a single doubling.

Caveats

• This doesn't include token burning initiatives like #burnsteem25
• This doesn't include reductions to the virtual supply that might arise from STEEM price changes
• Since the current STEEM price is below the SBD print threshold, price changes cannot increase the virtual supply or daily new STEEM production above these projections.
• This doesn't include potential rule changes or parameter changes that could be introduced by Steem witnesses or BTC miners.

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Thank you for your time and attention.

As a general rule, I up-vote comments that demonstrate "proof of reading".

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Steve Palmer is an IT professional with three decades of professional experience in data communications and information systems. He holds a bachelor's degree in mathematics, a master's degree in computer science, and a master's degree in information systems and technology management. He has been awarded 3 US patents.

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^{Pixabay license, source}

Reminder

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