RE: Bounty 20 Steem: Should we fix SBD?

[mindtrap]

Yeah but when?you think it will go down to 1$ just like that. People don’t understand that SBD is only mined in this platform. And only by authors. steemit is actuve 2 years now and we have only mined 10mill sbd. The number is really small. AAnd I don’t think that anyone can interfere in the protocol just like that. If it was so easy we could also change the circulation supply of Steem which-i don’t know how many of you have noticed- but out of the 269mil we are standing at around 253 as we speak. And judging by how quickly it escalates i assume within 4-5 months there wont be any more steem for mining.
At that point things will take their way. Steem will roll while sbd will return to the price it was originally designed

Comments

[onthewayout]

...judging by how quickly it escalates i assume within 4-5 months there wont be any more steem for mining.

Steem does not have a hardcap, from page 26 of the White Paper:

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.