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RE: My Journey Peeling back the Economic Layers of the Steemit Onion...
Great article. Of those 57600 new steem produced every day - at least half is given as Steem Power. So the actually supply of new Steem hitting the market will be even less. And furthermore, many people in "the other half" will power-up with that steem.
What I think this means is very little new Steem hitting the market and a huge amount of demand rushing in as the network keeps growing in value. There were 480 new users yesterday!
Thanks for reading and pointing that out, I'll edit it in. I guess we can never really know the true value of the actual money supply in a given day. There are power ups, power downs, people using the steem dollar as a savings account, others maybe trading their dollars for cryptocurrencies, using the Steem Dollar as a base.
We start to get a little closer to the complexity of an economic system. Without even beginning to look at Smart Contracts and SmartCoins.
Truly exciting potential.