![IMG_7275.jpg](https://cdn.steemitimages.com/DQmR22bWr7drjxCF8S6LLVQsDa4cUisugp92Q5iWu3RKV9n/IMG_7275.jpg)

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Every two weeks or so I like to compare the current power down statistics and see how we stand.

Here they are:

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# 23 April 2019

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| STEEM | Amount
|---|---|
|STEEMPOWER | 197,5 million
|LIQUID STEEM|  109,6 million
|SBD|  9,3 million

Virtual Supply ≈ 329,423,427 STEEM

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# 6 May 2019

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| STEEM | Amount
|---|---|
|STEEMPOWER |198,1 million (+0.6 million)
|LIQUID STEEM| 110,6 (+1 million)
|SBD| 9 million (-0,3 million)

Virtual Supply ≈ 335,153,347 STEEM

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As expected the SBD to STEEM conversion has increased with the price of STEEM coming down.

In conversion, the SBD is burned and STEEM is created.

You can see the impact the lower STEEM PRICE has on this process when you look at the Virtual supply. If all SBD could be converted right now at the same time, about ~6 million more STEEM would be created than 2 weeks ago.

In the last 2 weeks around 300k SBD has been converted to STEEM.

On a positive note, the amount of vested STEEM (total amount of STEEMPOWER) has increased in the last 2 weeks.

Maybe this has something to do with the SPUD initiative. It's been a long time this number has gone up but it's always nice to see people willing to lock up STEEM.

Volume on Exchanges is still extremely low. I haven't found a reason yet.

STEEM has set a new ultimate low in Satoshi value briefly yesterday. It's now trading above it but not by much.

In USD value the ultimate low is around 7 cents, we are still far away from that. We currently trade for 33 cents.

Besides all that people are still building on Steem every day.

In my opnion, it's pretty simple:

A low price attracts builders/believers, a high price attracts takers.

STEEM is being spread around. Our middle class is growing. It's flowing into strong hands.

Check out this post by @taskmaster4450 [here](https://steemit.com/busy/@taskmaster4450/steem-whales-are-losing-their-power-the-system-is-not-broken-report-through-4-30-19).

### 8/1/2017

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![](https://cdn.steemitimages.com/DQmTinQdGJUgZxWcsx9gEvrhNmDXNsQT4mxHxgrf1b9mdcF/image.png)

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### 4/30/2019

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https://steemitimages.com/640x0/https://ipfs.busy.org/ipfs/QmY7u7XJxnnwrqEc6QWg17vAWMCRs3fDYUnM3hw2c4baSV

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We see a big growth in minnows, dolphins, and orcas. 

It's been a slow process but it is happening and it's what should happen.

A solid foundation for the vision I always had for Steem. A huge social economic ecosystem.

And with luck, the temporary low STEEM price will accelerate this process. That's a positive thing about it.

Only takers get hurt by a low STEEM price. Builders grab the opportunity with both hands.

My thanks to everyone that shows up on Steem every day and put's in the work.

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![](https://steemitimages.com/DQmdWG7QanG3ZEgJQ4SiLkyQ5BKtxGU7jrrnwDTqsz3r177/Logo_Side-by_side_1000.png)

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Please consider us for your witness vote if you think we deserve it [here](https://steemit.com/~witnesses):

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