According, to steemd.com, the current Supply of STEEM is 285,103,787 + 13,184,685 SBD. Current price of SBD is 0,811 $. Current price of STEEM is 0,327. So, 1 SBD=2,48 STEEM.
So, you have approximate supply of 285,103,787 STEEM + 13,184,685 SBD x 2,48 (or 32,698,018 STEEM)= 317,801,805 STEEM.
p.s. 14 days ago 1 STEEM was 0,75 $ and 1 SBD was about 0,90 $. So, the ratio was much lower 1 SBD=1,2 STEEM.
Absolutely everything is correct.
p.s. also If you look at your posts you will even see that people have burned SBD and converted it into STEEM. I did the same. Because I find the conversion rate quite attractive.
Your math makes sense but I’m still confused. I have always thought that the inflation rate applied to the current/virtual supply of Steem. Is that assumption incorrect? Because if we just look at the two current/virtual numbers, the inflation rate looks more like 100% than it looks like 8.7%. So if the Steem inflation rate is not about current/virtual, where is it applied?
But explained to you above that it is due to the price change. The ratio SBD/STEEM was 1,2 14 days ago, now is 2,4. There is no inflation of 100 %. I did the calculations above. The inflation rate is less than 9%.
Maybe I’m just dense (a real possibility), but I’ve never seen the current/virtual number fall, I’ve only seen it increase. Are you saying that, if the price of Steem goes up, we could see a total lower than the current 316,772,919?
But explained to you above that it is due to the price change. The ratio SBD/STEEM was 1,2 14 days ago, now is 2,4. There is no inflation of 100 %. I did the calculations above. The inflation rate is less than 9%.
steemd.com
@preparedwombat, I think that everything is correct.
According, to steemd.com, the current Supply of STEEM is 285,103,787 + 13,184,685 SBD. Current price of SBD is 0,811 $. Current price of STEEM is 0,327. So, 1 SBD=2,48 STEEM.
So, you have approximate supply of 285,103,787 STEEM + 13,184,685 SBD x 2,48 (or 32,698,018 STEEM)= 317,801,805 STEEM.
p.s. 14 days ago 1 STEEM was 0,75 $ and 1 SBD was about 0,90 $. So, the ratio was much lower 1 SBD=1,2 STEEM.
Absolutely everything is correct.
p.s. also If you look at your posts you will even see that people have burned SBD and converted it into STEEM. I did the same. Because I find the conversion rate quite attractive.
Your math makes sense but I’m still confused. I have always thought that the inflation rate applied to the current/virtual supply of Steem. Is that assumption incorrect? Because if we just look at the two current/virtual numbers, the inflation rate looks more like 100% than it looks like 8.7%. So if the Steem inflation rate is not about current/virtual, where is it applied?
Where do you find inflation of 100%? According to the maths above the Infaltion is 7-9%.
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From the increase of 16+ million current/virtual Steem over the course of 14 days. Annualized, that’s more than 100%.
But explained to you above that it is due to the price change. The ratio SBD/STEEM was 1,2 14 days ago, now is 2,4. There is no inflation of 100 %. I did the calculations above. The inflation rate is less than 9%.
Posted using Partiko Android
Maybe I’m just dense (a real possibility), but I’ve never seen the current/virtual number fall, I’ve only seen it increase. Are you saying that, if the price of Steem goes up, we could see a total lower than the current 316,772,919?
But explained to you above that it is due to the price change. The ratio SBD/STEEM was 1,2 14 days ago, now is 2,4. There is no inflation of 100 %. I did the calculations above. The inflation rate is less than 9%.
Posted using Partiko Android