Actual Steem Inflation is way above planned inflation by prameshtyagi

actnearn · @prameshtyagi · Sep 18 '19

$2.05

Actual Steem Inflation is way above planned inflation

There is something broken within steem ecosystem. Steem inflation as per plan should be less than 10%. But when I did comuptation using data from CMC then I find that actual inflation for steem is 24% and for SBD is -49%.

# Steem Inflation Computations #
![](https://cdn.steemitimages.com/DQmSjc1PiNPZWe7MqmSsJ98LpauUo7pvs7N3bHqFFgid1Zw/image.png)

# SBD Inflation Computations #
![](https://cdn.steemitimages.com/DQmazXDrk1xDX5ERLo9ACdETHvQgiS7DncdxA4noXFZQZvi/image.png)

This much inflation is not sustainable. And it is the primary reason for steem prices to continuously dropping. There is immediate need to reduce steem inflation to reenergize the steem ecosystem.

👍 alfanso, adsup, actnearn, pandit, waphilip, pouchon, whatsup, mikenevitt, eonwarped, thevillan, ponpase, disregardfiat, brainfeed, murdermystery, prameshtyagi, pojan, b00m, nathen007, steemfeed, roundhere, wonsangpil, gojen.gepsol, r00k13, mahyulmaulana, d00k13, steemtruth, teukumuhas, tys-project, hadinasir, actnearn-id, onelovesteem, elmauza, sam99, missk, littleglove, hasitpbhatt, semestacerita, rengganis, meutia, zackyy, denidrako, arizalfratama, sunnydream, rekibaho, warchild, vampire-steem, luminaryhmo, nedshare, bukiland, rishi-sayz, wave.beads, forgetsharif, roma94, jne, k00k13, ajaykumar4, brokentrust02, dmacs, share4every1, adoptaminnow, brettblue, tinii, rainingfall.zzz, enaksis

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properties (23)vote details (64)

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k00k13	231,472,543	7%
r00k13	2,773,405,981	100%
gojen.gepsol	5,297,406,067	100%
tinii	81,352,722	100%
tys-project	1,866,893,742	100%
adsup	1,348,812,492,248	35%
rainingfall.zzz	52,519,196	10%
actnearn-id	1,610,539,809	100%

@mikenevitt · Sep 18 '19

$0.02

I agree you can’t continue with inflation like that, why is this happening? Cheers mike

👍 mikenevitt

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@actnearn · Sep 18 '19 (edited)

I don't know how come inflation is more than protocol allows. I am puzzled at that and will try to find answer to that I i can - cheers, @prameshtyagi

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@therealwolf · Sep 18 '19

SBD to STEEM conversions originated from the massive SBD printing to bring down the SBD price in 2018.

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@prameshtyagi · Sep 18 '19 (edited)

@therealwolf, So when I buy Steem from SBD - Does that create new steems? or I just buy from existing steems? This is not clear

And in last one year we did not print excessive SBDs as prices were always less than 1USD as shown in below picture
![chart.png](https://cdn.steemitimages.com/DQmRL4g2sqiwE1wHA3vBveJkKyx76wpFPjJjjzSPsdTjC4F/chart.png)

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@therealwolf · Sep 18 '19

The blockchain can convert SBD for STEEM. This will print new STEEM and burn the used SBD.

https://steemdb.com/labs/conversions

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6 replies

@whatsup · Sep 19 '19

When people use the conversion of SBD to Steem it creates new Steem.

Nothing is sustainable in a bear market.  We are at the beginning of a new alt season, watch and wait

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@prameshtyagi · Sep 20 '19 (edited)

If that is the case then our claim that inflation is <10% and reducing is flawed. We are practicing bad inflation policy and not even recognizing forget about correcting.

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@nokodemion · Sep 26 '19

There is no inflation, there is dilution, that's all.

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