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

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@por500bolos
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An inflation pool that shrinks every year.

YearSupplyInflationNew Supply
2016250,000,0009.50%23,750,000
2017273,750,0009.08%24,854,398
2018298,604,3988.66%25,854,554
2019324,458,9528.24%26,727,942
2020351,186,8947.82%27,452,027
2021378,638,9217.40%28,004,740
2022406,643,6616.98%28,364,989
2023435,008,6506.55%28,513,181
2024463,521,8326.13%28,431,762
2025491,953,5935.71%28,105,742
2026520,059,3355.29%27,523,204
2027547,582,5394.87%26,675,768
2028574,258,3084.45%25,558,997
2029599,817,3044.03%24,172,733
2030623,990,0383.61%22,521,348
2031646,511,3863.19%20,613,886
2032667,125,2722.77%18,464,106
2033685,589,3782.35%16,090,399
2034701,679,7771.93%13,515,587
2035715,195,3641.51%10,766,608
2036725,961,9731.08%7,874,074
2037733,836,0470.95%6,971,442
2038740,807,4890.95%7,037,671
2039747,845,1600.95%7,104,529
2040754,949,6890.95%7,172,022
2041762,121,7110.95%7,240,156
2042769,361,8680.95%7,308,938
2043776,670,8050.95%7,378,373
2044784,049,1780.95%7,448,467
2045791,497,6450.95%7,519,228

Daily Amount of Steem Powered UP & DOWN

DatePowered UPPowered DOWNDifference
2020-01-2016,723 STEEM219,894 STEEM-203,171 STEEM
2020-01-1942,956 STEEM108,677 STEEM-65,721 STEEM
2020-01-1844,840 STEEM65,379 STEEM-20,539 STEEM
2020-01-1789,651 STEEM85,387 STEEM4,264 STEEM
2020-01-1627,616 STEEM142,087 STEEM-114,471 STEEM
2020-01-15222,464 STEEM193,206 STEEM29,258 STEEM
2020-01-1467,177 STEEM166,505 STEEM-99,328 STEEM
2020-01-1343,444 STEEM202,952 STEEM-159,508 STEEM
Average p/d151,208 STEEM148,948 STEEM2,260 STEEM

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

"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

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*-»

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

...said by someone currently living in a country with a hyperinflationary economy.

«««-$-»»»

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

Cheers!!

Posted via Steemleo