Liquid STEEM Report March 7, 2019
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 8.55% 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.
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For a breakdown of how Steemit Rewards system works:
https://steemit.com/steemit/@socky/simple-steemit-rewards-breakdown-how-it-works-since-hf20
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:
Thank you for this explanation @socky. There is a concern as well regarding the Liquid Steem being converted to Fiat not very long ago and it has marked an agitation to the whole steem blockchain. Good thing that Steem Power was created as we are able to save up automatically all the rewards that we earn from our contents. It is the best way not to make Steem run out because of the massive exchange to fiat. Though it is a great sign steem is creating a huge volume of trade, still the supply and demand is not being balanced.
I have cashed out a few here on Steemit and it is great to know that I am still holding a few steem and not really maxing out my steem power. I am not a whale and not even a dolphin so my activities on the steem blockchain would not matter that much. It is great that I have followed you as I was able to get reminded on these things by seeing this amazing post on my feeds. Have a great day.
I have hope that one day the price of STEEM will return to the way it was. We are still far better than any other currency.
Thanks for the report @socky!
It is simply saying that NOW is the time to GO HARD FULL CHARGE to blow the nodes off the platforms to the Steem blockchain!
Great report @socky... The links at the end of "URR" post have been very helpful!
to the moon!!!
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