RE: Why STEEM Is Destined To Succeed!!!

[furious-one]

Hmm, there's so much different info out there about the inflation rate of STEEM. I read in various places that the minimum inflation rate was supposed to drp minimum to 9.5% or so and not below. Can't link any sources though as I didn't make note and might remember incorrectly.

Comments

[preparedwombat]

You misplaced the decimal point. It will drop until 0.95%

I crunched the numbers a few weeks ago:
https://steemit.com/steempower/@preparedwombat/the-steem-power-you-earn-for-holding-steem-power

At that point, the inflation rate was 8.7896516% but it would be a bit lower now. In my post, I showed how to calculate the current inflation rate.

[furious-one]

Thanks for that!

[onthewayout]

From the Blue Paper:

The rate that new tokens are generated was set to 9.5% per year starting in December 2016, and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5 years.

The current inflation rate is 8.7663% (from https://steemdb.com/)