Promoting Steem Economics - For those that are new to Steem and possibly unfamiliar with the Economics of "Where does the Steem come from?" ....I thought I would share with you this Blog.

in #steemexclusive10 months ago

#Promo-Steem - Promoting #Steem Economics around the World

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#Steem Economics and #Steem Inflation

I am often asked... "...what makes you excited about #Steem as a compelling Investment Vehicle?"

Disclaimer

Obviously, I will kick off the Blog with a disclaimer that this Blog is not meant as Investment Advice, but merely Education and I strongly recommend that you always seek Independent Investment Advice before making any Investments.

Dynamics of #Steem

In order to appreciate the complete dynamics of #Steem you have to understand the basics of how #Steem is created and the amount available for distribution.

For those that are new to #Steem and possibly unfamiliar with the Economics of... "...where does the #Steem come from?" ...I thought I would share with you this Blog.

FAQ - Top Right

All the information for the Inflation of #Steem can be found in the FAQ Section of the drop down menu in the top right-hand side of your #Steemit Blog.

Drop Down Menu

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#Steem Economics

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How many new tokens are generated by the blockchain?

How many new tokens are generated by the blockchain?

Starting with the network's 16th hard fork in December 2016, Steem began creating new tokens at a yearly inflation rate of 9.5%. The inflation rate decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this pace until the overall inflation rate reaches 0.95%. This will take about 20.5 years from the time hard fork 16 went into effect.

Credit: #Steemit

FAQ - Link

For more information, please see the following link..

https://steemit.com/faq.html#Where_do_the_new_STEEM_tokens_come_from
Credit: #Steemit

Simple Maths

To keep things very basic, I thought I would share with you this simple calculation.

Assuming that there is currently approximately 380,000,000 #Steem in supply and we were in the third year post Hard Fork 16.0 with an annual inflation of 8.0% this would mean that there was approximately on average...

..... 380,000,000 x 0.08 / 365 = ~83,000 #Steem newly created ever day for distribution.

However, as time passes and the inflation rate for #Steem decreases, what I am really interested in is the relationship #Steem has with the US Dollar.!!

#Steem vs. US Dollar

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US Dollar continues to load up on Debt

It should come as no great surprise that the Global Economy and Global Financial and Banking System is witnessing a Catastrophic Financial Crisis as Central Banks around the World pile on Debt at an unprecedented pace.

It is this unprecedented pace of Debt Creation which is loading up on an already bulging Unfunded Future Liabilities and measured against a backdrop of a failing Economy that all of a sudden makes #Steem a very compelling Investment.!!

"Fixed Decreasing Inflation" baked into the #Steem System

With a "Fixed Decreasing Inflation" baked into the #Steem System, albeit coming down from the high of 9.5% in 2016, it is this reduced Inflation when measured against an ever-increasing Inflationary Currency like the US Dollar that gives #Steem a compelling advantage.

Add into the mix the growth of #Steem as an Ecosystem building more applications and attracting more interaction with the #Blockchain you can see exactly where the Economics of #Steem is heading.

Exciting times ahead.!!

Thanks again for reading.

Stephen

#Promo-Steem - Promoting #Steem Economics around the World


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Hi Stephen, I hope you still remember me. I'm representing #wherein to seek your permission to use #ilovesteem tag to run your legacy and legendary promotion program, to help promote #steem and #wherein. You will be our ambassador and curator for this project if you agree to. You can choose to be our curator, we will allocate certain percentage of trail vote from our 1million delegated SP account to reward our participants if you agree to take part.

#davidke20 #ilovesteem #wherein #promo-steem #stephenkendal

https://steemit.com/ilovesteem/@davidke20/i-love-steem-long-long


On the side note, WhereIn Android app is a Steem base dApp that function similarly to Instagram, that support short blog. We do not take beneficiaries cut. We have every good reason to benefit to the community and we are here to promote it. If you have not try it, you may download a copy and try it out.

http://www.wherein.io is our official website.

Please do check in our current community before you have the confident to click on the install button. We've been here for a year and a half now.

https://steemit.com/created/wherein

Hi David

Great to hear from you again.

Please feel free to use the #ilovesteem tag from the social media campaign as you like.

Everything associated with #ilovesteem is totally free and open for anyone to use without permission.

I am always happy to help out and curate any promotional projects and events that help to promote #Steem.

Looking forward to checking out the #Wherein Community and seeing what you guys are up to.

Thanks again David for all your support.

Stephen

Thank you very much. We will make an announcement very soon, and tag you in the post. Cheers and have a wonderful day.

Nice summary with intuitive pics!

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