STEEM's inflation rate on Steemit

in #steem5 years ago

have you ever wondered as an economic ecosystem, how much inflation STEEM tokens can generate?

111.jpg

I give you a simple proposal:

based on my own experience and monitoring my steemit account through steemworld.org, each 800 STEEM Power has a 0.026 SP payout on its vote. ignore the maximum 7 days of delay you have on payment and the 13 weeks on powering down (since we are talking SP on steemit), a person with such SP can create 10 posts and vote himself.

I assume curations and probable votes by others are his/her earnings and not subjected to create inflation (which somehow should be considered as income and get calculated, but makes it too complicated)

so keeping things simple, he or she will have 0.026 x 10 x 365 = 94.9
94.9 x 100 / 800 = 11.86% annual inflation rate (simple not compound)

if you think it is impossible to post 10 times a day and vote it, I have to say you can calculate the earning by vote selling bots like smartsteem and earn 0.022 for each vote with 800 SP

Inflation isn't a totally bad thing for an economy. it makes the community run, but I believe this is overrated and should be lowered. you can see the results on STEEMETH chart for example, big picture please!

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.039
BTC 70310.43
ETH 3568.34
USDT 1.00
SBD 4.73