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 8.70% 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
I would like to understand this a little more, and I would welcome your input. Is this the reason why the STEEM price is not going up?
Steem price is highly affected by market pressure. It doesn't help the price when exchanges are not supporting STEEM wallets. We just got out of a month and a half of broken STEEM wallets from the two top exchanges. It is downright shameful how bad the support has been.
STEEM price can go up with participation and break away from market dominance. A large user base can overwhelm the market dominance of Bitcoin. To do that, we need to onboard massive amounts of users at a rate that is orders of magnitude greater than what we have now.
The lack liquid steem can gauge users desire to hold steem in SP. If we see a downward trend of the liquid steem, then the new supply is not keeping up with SP creation. This would indicate that there will be a shortage of available steem and price could go up.
I hope this helps.
It does help. I will keep encouraging people to join
Informative as always. Thanks for bringing this to community.
Steem on!
you are welcome.
Really its tru
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