The inflation drops 0.5 points (currently 8.5%) every year until it reaches 1% per annum. This means that when it finally hits that (about 2034) there wil be a total of 650 million Steem and then 1% added per year (6.5Million) from then on. At the moment there is about 26 million printed this year, a little more next and then it starts to drop away quite sharply. What this also means is that in the first 3 years, half the Steem for 20 years has already been pushed out of the blockchain in the first 3. Going to get interesting.
My brain just crashed (it's early in the morning and I'm chipping my way though my first coffee XD). So anyway my takeaway is currently it keeps coming just much slower. I'm happy with that :) Thanks for explaining :D
The inflation drops 0.5 points (currently 8.5%) every year until it reaches 1% per annum. This means that when it finally hits that (about 2034) there wil be a total of 650 million Steem and then 1% added per year (6.5Million) from then on. At the moment there is about 26 million printed this year, a little more next and then it starts to drop away quite sharply. What this also means is that in the first 3 years, half the Steem for 20 years has already been pushed out of the blockchain in the first 3. Going to get interesting.
My brain just crashed (it's early in the morning and I'm chipping my way though my first coffee XD). So anyway my takeaway is currently it keeps coming just much slower. I'm happy with that :) Thanks for explaining :D
:D