Steem inflation rate & powerdown cycle. (a straightforward candid MeMeteka)


Concepts
An inflation pool that shrinks every year.
Year Supply Inflation New Supply
2016 250,000,000 9.50% 23,750,000
2017 273,750,000 9.08% 24,854,398
2018 298,604,398 8.66% 25,854,554
2019 324,458,952 8.24% 26,727,942
2020 351,186,894 7.82% 27,452,027
2021 378,638,921 7.40% 28,004,740
2022 406,643,661 6.98% 28,364,989
2023 435,008,650 6.55% 28,513,181
2024 463,521,832 6.13% 28,431,762
2025 491,953,593 5.71% 28,105,742
2026 520,059,335 5.29% 27,523,204
2027 547,582,539 4.87% 26,675,768
2028 574,258,308 4.45% 25,558,997
2029 599,817,304 4.03% 24,172,733
2030 623,990,038 3.61% 22,521,348
2031 646,511,386 3.19% 20,613,886
2032 667,125,272 2.77% 18,464,106
2033 685,589,378 2.35% 16,090,399
2034 701,679,777 1.93% 13,515,587
2035 715,195,364 1.51% 10,766,608
2036 725,961,973 1.08% 7,874,074
2037 733,836,047 0.95% 6,971,442
2038 740,807,489 0.95% 7,037,671
2039 747,845,160 0.95% 7,104,529
2040 754,949,689 0.95% 7,172,022
2041 762,121,711 0.95% 7,240,156
2042 769,361,868 0.95% 7,308,938
2043 776,670,805 0.95% 7,378,373
2044 784,049,178 0.95% 7,448,467
2045 791,497,645 0.95% 7,519,228
Stats Report

Daily Amount of Steem Powered UP & DOWN



Date
Powered UP Powered DOWN Difference
2020-01-20 16,723 STEEM 219,894 STEEM -203,171 STEEM
2020-01-19 42,956 STEEM 108,677 STEEM -65,721 STEEM
2020-01-18 44,840 STEEM 65,379 STEEM -20,539 STEEM
2020-01-17 89,651 STEEM 85,387 STEEM 4,264 STEEM
2020-01-16 27,616 STEEM 142,087 STEEM -114,471 STEEM
2020-01-15 222,464 STEEM 193,206 STEEM 29,258 STEEM
2020-01-14 67,177 STEEM 166,505 STEEM -99,328 STEEM
2020-01-13 43,444 STEEM 202,952 STEEM -159,508 STEEM
Average p/d 151,208 STEEM 148,948 STEEM 2,260 STEEM

PowerDOWN 1/13th vs 1/4th vs Instantly

PowerDowns

"The instant power down concept, regardless of the cost/burn, destroys the security feature altogether. A hacker won't care about burning 5% or 20% or even 50%. Anyone who is hacked will lose all their funds instantly.
Also, proposing that people invest without powering up is ignoring the cumulative cost of Steem's high inflation." «@smooth»

"If someone compromises my account (somehow) the 5% burn for instant power down would be the last thing I want available" «@ssjsasha»

Centralization vs Decentralization

Future

The way it works is that you accumulate at the bottom. If the price starts going up you sell what you own into the buy wall to push price back down. Yes, you sold a few, but hopefully you're accumulating more than what you were selling and at lower prices. The bigger the bear the more tokens you can shake out of people! They might be screaming in financial pain... but don't their poverty tears taste so good? «@aggroed»

I think an Instant Powerdown should cost 20%, not 5%.
And I'm saying that from someone who would actually use it.
Instant versus 13 weeks can easily double the gains that a person would achieve at the peak of the bull run. «@chrisrice»

Investors vs Speculators vs Scalpers

«-COMMITMENTS

Commitments

I have heard the idea of reducing inflation down to 1-2% on Steem - by eliminating the reward pool for Proof of Brain and leaving just inflation for witnesses & Steem Power hodlers. And moving token rewards over to Smart Media Tokens, strictly. «@theycallmedan»
In my opinion the whole powering up/down thing should work a little differently. The idea is that if you want to have control over things on the network like witnesses and the reward pool, you need to make some kind of commitment. So that's really what Steem Power is - it's the commitment to stay invested in Steem for a certain period of time.
The problem is that it's not a fixed period of time, it's 13 weeks from when you start to power down. Instead I think that SP should be able to be powered down instantly as long as it's been powered up for at least 13 weeks.
This way, powering up is committing to stay invested in Steem for 13 weeks, and after that you've met your commitment and can power down instantly. «@yabapmatt»

«-My Conclusions

Hyperinflation
...said by someone currently living in a country with a hyperinflationary economy.
Leave a comment. Share your experiences and feedback. ¡Be part of the conversation!

«««-$-»»»

"Follows, Comments, Resteems & Upvotes will be highly appreciated"

Cranky Gandalf

CCheers!!

Posted via Steemleo


Comments 8


I feel like I have a good grasp of the issues now...

23.01.2020 05:43
0

I did my best effort my friend. :)

Still a bit cryptic but always with my usually didactic humorous style. 😬

23.01.2020 05:54
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I am a fan of your style. Humorous it is!

23.01.2020 06:02
0

23.01.2020 06:09
0

According to the Bible, Is it sin against God if a law enforcer is forced to take someone's life in the line of duty?

(Sorry for sending this comment. We are not looking for our self profit, our intentions is to preach the words of God in any means possible.)



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23.01.2020 06:09
0

don't forget we are creating even more inflation with the conversion of SBD

23.01.2020 07:24
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erm... ¿SBD? ¿SBD? ?¿?

Do you mean Solomon Islander Dollar?

23.01.2020 07:43
0

This post earned a total payout of 0.144$ and 0.108$ worth of author reward which was liquified using @likwid. To learn more.

30.01.2020 05:36
0