Liquid STEEM Report Sept 9, 2018 by socky

View this thread on steempeak.com
steemit · @socky ·
$6.37
Liquid STEEM Report Sept 9, 2018
# This is a historical graph of both Total STEEM and Liquid STEEM supply
![](https://cdn.steemitimages.com/DQmTRG3pyygEZARCJtvm5AsHtTE4tREuZ3w3FLW7GsBNHnA/image.png)

#### (Note) There are two different scales on this graph. For full scale, see graph below. 

### Liquid STEEM is the remaining STEEM that has not been converted into Steem Power. (Orange Line)

* When STEEM is liquid, it can be readily sold and purchased. 
* When STEEM is locked away in SP, it is not liquid, It takes a significant amount of time to convert it back to a liquid form. 

# This is a graph of the same data. The data of this graph was plotted on the same scale to show the massive difference between Liquid STEEM and STEEM stored in SP
![](https://cdn.steemitimages.com/DQmbyuy5TofYczNYRjHwXRT7RtVofQ35deAYCcHtTue2jdv/image.png)

#### I created these charts with data that I collected over the last few months.

# Why are these graphs important?
STEEM is created at a high rate. Currently **8.75%** per year. Many Steemians have a concern about STEEM inflation with the high rate of new currency creation. These graphs show that there is a limited supply of STEEM. Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.

# I hope you enjoyed reading my Blog. Please remember to Upvote, Resteem, and Follow. Thank you.
# ---------------------------------------
#### For a breakdown of how Steemit Rewards system works:
https://steemit.com/steemit/@socky/steemit-rewards-breakdown-a-simplified-explanation-with-illustrations

#### For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-keys

#### For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read

<center>[![](https://steemitimages.com/50x60/http://steemitboard.com/@socky/commented.png)](http://steemitboard.com/board.html?user=socky) [![](https://steemitimages.com/60x70/http://steemitboard.com/@socky/votes.png)](http://steemitboard.com/board.html?user=socky) [![](https://steemitimages.com/70x80/http://steemitboard.com/@socky/posts.png)](http://steemitboard.com/board.html?user=socky) [![](https://steemitimages.com/100x80/http://steemitboard.com/@socky/level.png)](http://steemitboard.com/board.html?user=socky) [![](https://steemitimages.com/70x80/http://steemitboard.com/@socky/comments.png)](http://steemitboard.com/board.html?user=socky) [![](https://steemitimages.com/60x70/http://steemitboard.com/@socky/voted.png)](http://steemitboard.com/board.html?user=socky) [![](https://steemitimages.com/50x60/http://steemitboard.com/@socky/payout.png)](http://steemitboard.com/board.html?user=socky)</center>
šŸ‘  , , , , , , , , , , , , , , , , , , , ,
properties (23)
post_id61,998,324
authorsocky
permlinkliquid-steem-report-sept-9-2018
categorysteemit
json_metadata{"tags":["steemit","cryptocurrency","blog","news","steem"],"app":"steemit\/0.1","format":"markdown","image":["https:\/\/cdn.steemitimages.com\/DQmTRG3pyygEZARCJtvm5AsHtTE4tREuZ3w3FLW7GsBNHnA\/image.png"],"links":["https:\/\/steemit.com\/steemit\/@socky\/steemit-rewards-breakdown-a-simplified-explanation-with-illustrations","https:\/\/steemit.com\/life\/@socky\/do-you-understand-your-steemit-keys","https:\/\/steemit.com\/steemit\/@socky\/why-is-steem-power-important-beginners-read","http:\/\/steemitboard.com\/board.html?user=socky"]}
created2018-09-09 13:07:54
last_update2018-09-09 13:07:54
depth0
children6
net_rshares5,978,905,432,142
last_payout2018-09-16 13:07:54
cashout_time1969-12-31 23:59:59
total_payout_value6.025 SBD
curator_payout_value0.343 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,684
author_reputation201,063,544,025,849
root_title"Liquid STEEM Report Sept 9, 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (21)
@ssjsasha ·
$0.06
isnt steem currently being created at a higher rate due to the SBD debt ratio being off?

Hopefully it slows down with Hard Fork 20 September 25th
šŸ‘  ,
properties (23)
post_id62,001,569
authorssjsasha
permlinkre-socky-liquid-steem-report-sept-9-2018-20180909t135414900z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit\/0.1"}
created2018-09-09 13:54:12
last_update2018-09-09 13:54:12
depth1
children1
net_rshares53,980,405,985
last_payout2018-09-16 13:54:12
cashout_time1969-12-31 23:59:59
total_payout_value0.044 SBD
curator_payout_value0.012 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length146
author_reputation55,377,498,415,088
root_title"Liquid STEEM Report Sept 9, 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@socky ·
$1.98
Currently, there is no SBD being created. That might change after hard fork 20 depending on the STEEM market cap. There could be SBD to STEEM conversions taking place, but I would expect the conversions to be infinitely small in comparison to daily STEEM creation. Most people are holding SBD as a hedge while the market is down.
šŸ‘  ,
properties (23)
post_id62,007,631
authorsocky
permlinkre-ssjsasha-re-socky-liquid-steem-report-sept-9-2018-20180909t151225464z
categorysteemit
json_metadata{"app":"steemit\/0.1","tags":["steemit"]}
created2018-09-09 15:12:45
last_update2018-09-09 15:12:45
depth2
children0
net_rshares1,862,353,784,701
last_payout2018-09-16 15:12:45
cashout_time1969-12-31 23:59:59
total_payout_value1.487 SBD
curator_payout_value0.494 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length329
author_reputation201,063,544,025,849
root_title"Liquid STEEM Report Sept 9, 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@trevonjb · 
This is why I like what @steem-UA is doing. Incentivizing small accounts to power up. Iā€™d even say thats why we had the recent drop looking at your chart. Is there anywhere I can view this?

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
properties (22)
post_id62,005,555
authortrevonjb
permlinktrevonjb-re-socky-liquid-steem-report-sept-9-2018-20180909t144539230z
categorysteemit
json_metadata{"app":"partiko"}
created2018-09-09 14:45:39
last_update2018-09-09 14:45:39
depth1
children1
net_rshares0
last_payout2018-09-16 14:45:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length251
author_reputation292,116,141,534,790
root_title"Liquid STEEM Report Sept 9, 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@socky · (edited)
$3.72
It took me a while to discover who that 100K Power Up was. It was @misterdelegation. Even though there has been considerable power down by whales (@ned) for example, there is a significant amount of Power-Up to counter the huge power downs. Overall, I would estimate that smaller accounts along with Upvote services are benefiting the most. I am not a fan of upvote services. The people behind them will eventually be outcasted as users learn to hate what they have done to Steemit. There is no place that I have found to get historical chart for liquid STEEM which is why I have been collecting data daily to populate my chart.
šŸ‘  , , ,
properties (23)
post_id62,007,297
authorsocky
permlinkre-trevonjb-trevonjb-re-socky-liquid-steem-report-sept-9-2018-20180909t150739344z
categorysteemit
json_metadata{"app":"steemit\/0.1","tags":["steemit"],"users":["misterdelegation","ned"]}
created2018-09-09 15:08:03
last_update2018-09-09 15:08:27
depth2
children0
net_rshares3,500,051,240,453
last_payout2018-09-16 15:08:03
cashout_time1969-12-31 23:59:59
total_payout_value2.796 SBD
curator_payout_value0.929 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length628
author_reputation201,063,544,025,849
root_title"Liquid STEEM Report Sept 9, 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (4)
@blaogao · 
Why now is zero sbd
properties (22)
post_id62,040,002
authorblaogao
permlinkre-socky-liquid-steem-report-sept-9-2018-20180910t003601068z
categorysteemit
json_metadata{"app":"steemit\/0.1","tags":["steemit"]}
created2018-09-10 00:36:09
last_update2018-09-10 00:36:09
depth1
children1
net_rshares0
last_payout2018-09-17 00:36:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length19
author_reputation6,440,044,805,346
root_title"Liquid STEEM Report Sept 9, 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@socky ·
$4.06
It is because each SBD in circulation has a guarantee to be paid in STEEM when you cash in the SBD. Each SBD is worth $1.00 US worth of STEEM. When the STEEM price is low, then paying for SBD would be difficult. To prevent too much SBD from getting created when price is low, the blockchain is programmed to limit SBD creation or stop SBD creation. Right now, there is no SBD being created. When you choose 50/50 rewards you get STEEM instead of SBD since there is no SBD being created.
šŸ‘  , , ,
properties (23)
post_id62,049,031
authorsocky
permlinkre-blaogao-re-socky-liquid-steem-report-sept-9-2018-20180910t032048776z
categorysteemit
json_metadata{"app":"steemit\/0.1","tags":["steemit"]}
created2018-09-10 03:21:09
last_update2018-09-10 03:21:09
depth2
children0
net_rshares3,807,365,022,533
last_payout2018-09-17 03:21:09
cashout_time1969-12-31 23:59:59
total_payout_value3.043 SBD
curator_payout_value1.012 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length486
author_reputation201,063,544,025,849
root_title"Liquid STEEM Report Sept 9, 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (4)
Help/Feedback