You are viewing a single comment's thread from:RE: STEEM DOLLAR Will Fall To $1 USD : Here’s WhyView the full contextbraxton101 (58)in #steem • 6 years ago But isn't steemit inflationary as well at about 100% per year as well?
No. STEEM once had high inflation but it was changed to be 9.5% per annum in 2016 and that rate is supposed to drop by 0.5% per year.
How is that possible when so much steem is generated every day from posts.
The STEEM is generated per day regardless of the posts. It seems like a lot of money but remember the market cap for STEEM is about $1.3 billion USD!
Ok I agree with you now and am following you. Thanks for the info. Luckily I am holding steem power and not sbd.
8.5%, down by .5 a year until it reaches 0.5% a year, I believe. They forked it.