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RE: THE WEEKLY STEEMIT BULL REPORT
Just to let everyone know, those levels are not anything official. The were created by the maker of that site.
Just to let everyone know, those levels are not anything official. The were created by the maker of that site.
@pheonike I just read a reply from @smooth to a blog by @anonymint and in his reply he makes referance to steemd.com which is where my statistics were gathered and @smooth is a whale and if the statistics are good enough for him they are good enough for me.here @smooth reply to @anonymint
[-]smooth (8) · 3 hours ago
Good analysis of the overall money supply dynamics and clear explanations like this are badly needed since the system is complex and many do not understand it. Upvoted.
A small correction:
given that currently only 2% of the money supply is SD
They actually misspoke in the interview in stating 2%. Currently the outstanding supply of SBD (which can be found on steemd.com) is
"current_sbd_supply": "1876469.436 SBD",
That is less than 1% of the market cap of STEEM+SP+SBD.
Looked at another way, the blockchain is currently reporting:
"virtual_supply": "124634091.611 STEEM",
"current_supply": "123729768.992 STEEM",
virtual_supply is the total money supply if all the SBD were converted to STEEM at the current exchange rate. Again the difference here is <1%.