As I said there is an increase of SD... The point is - at that price level should result in 75,000 more Steem Dollars created, than the one that actually were created.[1]
[1] Steem dollars creted = current 7 day median price * (1/2 * 75% * 2 steem/sec) * 20 * 60 * 24
- 2 new steem each block aka 3 sec, for rewards (curation and blog combined)
- 1/2 * 75% is the part that goes into creating SD
Ah, I see where you've got that from. We are still distribution mode, your numbers will be hot in just over a year from now..
At the moment Steem Power is being produced at 800 per second, 40 of that goes to Content and Curation Rewards. 75% (30) goes to Creators, 50% of that is paid in Steem Dollars, Price of Steem is $2 so $30 worth of Steem Dollar is created per minute, 302,400SBD per week (roughly)...
See here
https://steemit.com/steemit/@hisnameisolllie/steem-dilution-rate-explained-currently-much-higher-than-you-might-think
My numbers are exactly as yours except that I have, although steel rough, much closer numbers for the prices used (aka previous 7 dais median price) - for the last about 9 days -
3.199
2.798
2.746
2.664
2.420
2.368
2.333
2.240
2.160
@james-show I see your point now. I will look into this.
I wonder whether, because the payout algorithm is now on a 12hr cycle, with Steem price fluctuating, different levels of voting activity, different levels of posting activity, these variable mean that mine and your rough weekly calculation are never 100% accurate.
Each payout is under slightly different conditions..
The apparent discrepency is caused by the conversion of SBD through the convert steem$ option in the system, which i think was james's point.
This conversion actually destroys steem$. So a net gain of 75K when we expect the system to be producing 300K simply means that 225K were redeemed.
I think the point james was trying to make is that its not necessarily accurate to say "75K were created" when thats a net gain. In the same sense as it would be inaccurate to take a situation where 10 babies were born, 5 old people died and say "5 people were created today"