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Steem blockchain inflation rate adjustment by Ned and Dan - from 160% to 9.5% by craig-grant

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steempower · @craig-grant · (edited)
$5.38
Steem blockchain inflation rate adjustment by Ned and Dan - from 160% to 9.5%
https://www.youtube.com/watch?v=yaAGFVBiWVk

@krnel 
Thanks. Does that mean 9.5% of what it currently is? So instead of 400 Steem created per minute, it would be 9.5% of that per minute? Is this correct? Or is this annual creation rate different? Thanks for the help

@blocktrades 
I'm reasonably sure it means an annual inflation rate of 9.5% (as opposed to current 100%)


@smooth 
It is currently about 16.5%, plus an additional 9 times that (148.5%) is paid to SP (which gets captured by the vesting fund but released as liquid STEEM later when SP holders power down) for a total STEEM inflation rate of about 160% (scheduled to reduce to about 110%). This would be changed to a total of 9.5% of which about 8% corresponds to the rewards included in the 16.5%, and about 1.5% corresponds to the SP payments.So to answer simply, yes the amount of STEEM produced would be cut dramatically. 

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source @ https://steemit.com/steem/@steemitblog/proposed-changes-to-steem-economy

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vote details (166)
@etcmike · 
Craig,  Thank you for this update!

I was glad to be able to PowerUp today, but now I am really glad I powered up today.

Thank you!!!

Steem on,
Mike
👍  ,
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@craig-grant · 
I am powering up as much as possible before the changes
👍  ,
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vote details (2)
@futurefood · 
Keep it up man, Keep it up! :D
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@herzmeister · 
all hail our decentralized steemit overlords!
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@joshbreslauer · (edited)
this will be exiting !
hard to estimate the outcome
👍  
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vote details (1)
@linkback-bot-v0 · 
This post has been linked to from another place on Steem.


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@marcopizzuti · 
Hi Craig,
where did you get this information.
Thank you
Marco
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@craig-grant · 
https://steemit.com/steem/@steemitblog/proposed-changes-to-steem-economy
👍  
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vote details (1)
@marcopizzuti · 
Thank you Craig!
So the proposal it is not accepted yet, but highly likely .
Good to buy steem right now.
Regards
👍  
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@verbal-d · 
Very interesting read, thank you for the update and sharing, I'm still learning this whole Steem System process. I'm just focused on creating quality content and hopefully I can gain from any positive changes as we adapt to any unforeseen fluctuations. Upvoted
👍  
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