This is an update to my post two days back, "Where does all the money come from on Steemit fully answered -- Can it continue? -- Absolutely yes!"
https://steemit.com/steemit/@bycoleman/where-does-all-the-money-come-from-on-steemit-fully-answered-will-it-continue-yes

One of the comments left on that post by @phgnomo pointed out that my assumption that the decrease in the Steem inflation rate would eventually lead to no new coins being produced was in-fact, at error.

This caused me to begin researching this detail again to find the true inflation rate of our token.

Again, here is the white paper as of August 2017

Current Allocation & Supply
Starting with the network's 16th hard fork in December 2016, Steem began creating new tokens at a yearly inflation rate of 9.5%. The inflation rate decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this pace until the overall inflation rate reaches 0.95%.

When reading the whitepaper, I had interpreted incorrectly that the inflation rate would be zeroed out at .95%; however, this was incorrect. Even after 20 years, there will still be new Steem minted.

@fyrstikken provides a nice little chart that I hope he does not mind me pasting in here.

As shown in the chart, even after 20 years, new tokens will still be created, but at a very acceptable rate of 1%.

@dragosroua offers a very nice little snippet worth pasting in here on this subject.

But if the inflation actually drops in time, that means the never-ending part is eliminated. Next year we'll have an inflation of 9%, the year after 8.5%, and so on, until we stop at 0.95%. A 1% inflation rate is way more palatable and more viable, economically speaking.

What that means for the layman?

It means your STEEM is more valuable than you think, because, in time, there will be less and less of it. Yes, it may take 20 years until that happens and yes, even in 20 years there will still be a 1% inflation supply that could provide some liquidity.

Steemians, this is a very nice finding indeed!

The most important part of this new understanding and update is: New coins will always be minted and at a rate that does not dilute the coin. These new coins will be available to continue to pay authors, curators and witnesses.

Let me say it in even a more direct way.

The Steem platform is here to stay and will become extremely valuable to all who hold Steem & SP as well as those participating directly on the platform.

Steem has disrupted the social network paradigm in a way no one could have fully imagined and we are just getting started!

Please treat it with love and kindness -- It is ours to keep or ours to destroy!

@byColeman
https://ColemanAir.us

Craig