RE: It’s so easy to become a millionaire with Steem

[james-show]

1st Actually min:

• each block -1 steem for witnesses, 1 steem for content creators, 1 steem for curators, 1 steem for liquidity rewards
• for each of the above 4 Steem 9x STEEM POWER is created
  Which makes the total 40 per block (or 800/min)

2nd The actual current supply is 107,869,765 STEEM (source steemd.com)

But generally yes, pretty astounding percent.

Comments

[anonymint]

I see I was in a rush and I included the 1 STEEM for PoW, but that was reduced after block 864,000. I will correct my computations in the blog post. I didn’t know that coinmarketcap’s money supply data was lagging that much.