Liquid STEEM Report Sept 25, 2018
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 8.74% 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 how Steemit Rewards system works:
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
Isn't liquid Steem same as Steem dollars? By the way you've explained things they're getting less complecated to me. I'm following you and hoping to learn something more in comming future.
Lot's of love,
Sugam
Sorry it took so long to reply. HF20 kept me from doing anything.
To answer the question, Liquid STEEM and Steem dollars (SBD) are not the same. However, Liquid STEEM and SP are almost the same. SP is simply STEEM stored in a long term storage.
SBD is a promissory note to pay the holder of SBD in STEEM if the holder wishes to cash it in. SBD can also be traded like cash and is essentially liquid.