Steem blockchain inflation rate adjustment by Ned and Dan - from 160% to 9.5%steemCreated with Sketch.

in #steempower8 years ago (edited)

@krnel
Thanks. Does that mean 9.5% of what it currently is? So instead of 400 Steem created per minute, it would be 9.5% of that per minute? Is this correct? Or is this annual creation rate different? Thanks for the help

@blocktrades
I'm reasonably sure it means an annual inflation rate of 9.5% (as opposed to current 100%)

@smooth
It is currently about 16.5%, plus an additional 9 times that (148.5%) is paid to SP (which gets captured by the vesting fund but released as liquid STEEM later when SP holders power down) for a total STEEM inflation rate of about 160% (scheduled to reduce to about 110%). This would be changed to a total of 9.5% of which about 8% corresponds to the rewards included in the 16.5%, and about 1.5% corresponds to the SP payments.So to answer simply, yes the amount of STEEM produced would be cut dramatically.


source @ https://steemit.com/steem/@steemitblog/proposed-changes-to-steem-economy


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Craig, Thank you for this update!

I was glad to be able to PowerUp today, but now I am really glad I powered up today.

Thank you!!!

Steem on,
Mike

I am powering up as much as possible before the changes

this will be exiting !
hard to estimate the outcome

Very interesting read, thank you for the update and sharing, I'm still learning this whole Steem System process. I'm just focused on creating quality content and hopefully I can gain from any positive changes as we adapt to any unforeseen fluctuations. Upvoted

Hi Craig,
where did you get this information.
Thank you
Marco

Thank you Craig!
So the proposal it is not accepted yet, but highly likely .
Good to buy steem right now.
Regards

all hail our decentralized steemit overlords!

Keep it up man, Keep it up! :D

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