🎇Wow，STEEM POWER doubled every 100 days! What's wrong?
From investigating and analysis， I found that IF YOU DO NOTHING
STEEM POWER be increased at a rate about 0.67%
Table: Daily increase rate of STEEM POWER
| Date | Rate |
|---|---|
| 2016-08-08 | (0.66%) |
| 2016-08-07 | (0.67%) |
| 2016-08-06 | (0.67%) |
| 2016-08-05 | (0.67%) |
| 2016-08-04 | (0.69%) |
| 2016-08-03 | (0.69%) |
| 2016-08-02 | (0.69%) |
| 2016-08-01 | (0.69%) |
| 2016-07-31 | (0.70%) |
| 2016-07-30 | (0.68%) |
| 2016-07-29 | (0.73%) |
| 2016-07-28 | (0.71%) |
| 2016-07-27 | (0.88%) |
| 2016-07-26 | (0.96%) |
| 2016-07-25 | (0.96%) |
So, If we have 1000 STEEM POWER, and keep DO NOTHING
- 💡NO post
- 💡NO upvote
- 💡NO power up
- 💡NO Power down
- 💡NO other action which may cause STEEM POWER changed
| Day | STEEM POWER |
|---|---|
| 0 | 1000 |
| 1 | 1006.90 |
| 50 | 1410.31 |
| 100🎇 | 1988.99 |
| 150 | 2805.10 |
| 200🎇 | 3956.07 |
| 250 | 5579.31 |
| 300🎇 | 7868.58 |
| 350 | 11097.17 |
| 365 | 12302.89 |
As we can see, the STEEM POWER doubled every 100 days!!
It seemed incredible!
In the steem white paper :
STEEM is constantly increasing in supply by
100% per yeardue to non-SMD incentives.
Someone who holds STEEM without converting it to SP is diluted by approximately0.19% per day.
So Daily increase rate of STEEM POWER should be 0.19% instead of 0.69%.
And the STEEM POWER should doubledevery 365 days(one year) instead of 100 days.
So, The question is: What's wrong?
Maybe the programmer of steem entered the wrong number?😀
据说第一年是通胀 300%，后面每年通胀 100%，白皮书说的应该是后者吧？！
这个通胀是由什么因素决定的呢？谁来控制呢？
这个问题得问 @abit
: )
abit大神在QQ群里解释了一番
abit 度假去啦
Who can tell me what's wrong?
I'm not sure there's anything wrong. In the quote you gave "Someone who holds STEEM without converting it to SP is diluted by approximately 0.19% per day." That's saying 0.19% dilution for STEEM, not STEEM POWER.
Also from what I understand of the white paper, the interest value changes according to the reflection of it's value on the USD, to try and keep the two 1:1.
It's basically saying that if you just hold STEEM without converting it to STEEM POWER, you lose 0.19% per day. I don't think it has anything to do with interest - it's dilution.
In the white paper
STEEM is constantly increasing in supply by 100% per yearBut as I mentioned in my post
STEEM POWER be increased at a rate about 0.67%, so the increasing in supply is 12 times per year. 6 times as it should be.I know there's anything wrong, maybe the method I calculate it?
It's saying the SUPPLY of STEEM is increasing by 100% per year, meaning the total amount created by miners and whatever. The SP is interest yes. There is no interest for STEEM, only mining.
Thank you.
explained in my post
Thank you.
steem and steem power are two very different things even though its denominated in steem its just a representation of value in steem not reflecting the balance in steem
not reflecting the balance in steem?if I have 100 steem and 100 steem power, According to what you say: the balance in steem is 100.
And then I power down my steem power, when it finished, I'll got about 100 steem.
So the balance in steem should be 100 + 100 = 200
That's not quite true either. It takes 104 weekly payments to power down your SP into STEEM. So after 2 years you'd have 200.
Thank you
Good afternoon. Your article is very useful. I voted for you.
Good afternoon. Your article is very useful. I voted for you.