Liquid STEEM Report Dec 2, 2019
This is a historical graph of both Total STEEM and Liquid STEEM supply
(Note) There are two different scales on these graphs. 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 year and half.
Why are these graphs important?
STEEM is created at a high rate. Currently 8.23% 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 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
How to improve STEEM payment system:
Greetings dear friend @socky.
I think that this effort you make so constantly with the publication of these graphics is very valuable. I see you do it daily, I call this perseverance.
This is an interesting approach. That is, the more users increase their SP stake, they would be contributing to the better blockchain economy, offsetting inflation.
Unfortunately, we can currently find a large number of users who keep their accounts in constant powerdown. So these would be causing an opposite effect on the economy?
All best, Piotr.
We are stuck with poor performance from Steemit Inc. Consistently late meeting deadlines, no new exchange listings, and terrible user interface. I hope that some day they will get a real CEO to run the business or someone builds a better front end. There is plenty of reasons to power down. But on the bright side, there is plenty of room for improvement.
Right now the cryptocurrency climate is dismal. I just hope that if and when cryptocurrency popularity comes back, there will be more people to join and purchase Steem Power. Until then, we will keep the light on.
Glad to see you are still here @socky...
So many users I interact with are dropping off the radar.🙃
Yep, I'm still here. I not on as much anymore.
Still... @socky it’s good to see the lights still on!!!😊
I don’t think the people at the top are listening... just hard to understand their logic!🙃
hi @socky
Thank you for your kind comment and sorry for replying so late.
Indeed , STINC is not really doing great and I can hardly imagine how things can go bad if they will not deliver SMTs or if SMTs will not work as fine as we all hope.
I also sometimes hope that some larger business will buy STEEmit from current devs.
ps.
May I ask you for little favour? I'm not sure if I did ask you about it already or not (hope I'm not repeating myself).
Could you please check out also my recent post if you have few min and share your thoughts on questions related to concept of "introducing steem blockchain to businesses":
https://steemit.com/steemleo/@crypto.piotr/my-very-first-trip-to-switzerland-one-of-the-most-crypto-and-blockchain-friendly-place-on-the-planet-earth
Your feedback is always appreciated ;) And I will upvote most valuable comment with 100-200k SP coming from project.hope account.
Yours, Piotr