Liquid STEEM Report Oct 29, 2018

[socky]

This is a historical graph of both Total STEEM and Liquid STEEM supply

(Note) There are two different scales on this graph. For full scale, see graph below.

Liquid STEEM is the remaining STEEM that has not been converted into Steem Power. (Orange Line)

• When STEEM is liquid, it can be readily sold and purchased.
• When STEEM is locked away in SP, it is not liquid, It takes a significant amount of time to convert it back to a liquid form.

This is a graph of the same data. The data of this graph was plotted on the same scale to show the massive difference between Liquid STEEM and STEEM stored in SP

I created these charts with data that I collected over the last few months.

Why are these graphs important?

STEEM is created at a high rate. Currently 8.69% per year. Many Steemians have a concern about STEEM inflation with the high rate of new currency creation. These graphs show that there is a limited supply of STEEM. Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.

I hope you enjoyed reading my Blog. Please remember to Upvote, Resteem, and Follow. Thank you.

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For a breakdown of how Steemit Rewards system works:

https://steemit.com/steemit/@socky/steemit-rewards-breakdown-a-simplified-explanation-with-illustrations

For a breakdown of Steemit Keys:

https://steemit.com/life/@socky/do-you-understand-your-steemit-keys

For a breakdown of why Steem Power is Important:

https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read

Comments

[steemitboard]

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[baderkh]

Thanks for sharing this post... I am new here and don't know too much about cryptocurrency, even about Liquid steem and locked steem... thanks again for sharing the amazing infprmations.

[socky]

If you have any questions, just ask.

[baderkh]

Thanks, I have some questions...

1. Dose "Resteem" (sharing the post) have a bad effect on your Reputation?
2. My steemit Chat messenger doesn't respond (in Pakistan), Can I use Proxy? is it legal for steemit?

[socky]

1. Resteem is perfectly safe. It does not affect your reputation (good or bad). It does tend to steer you audience away from your blog.
2. I don't use any chat messenger for STEEM. There are several Decentralized apps called Dapps built on the STEEM blockchain. You can use any one of them to blog onto STEEM. Each one has a different interface, allowances, and options, but they all use the same STEEM blockchain. For instance you post something using steepshot, the post is accessible from Steemit or Busy. Each Dapp is built by different individuals or teams and language options may not be available. There are also Dapps out there that take your existing twitter, instagram, or facebook post and copies your post and creates a post on your STEEM account. I can't tell you what the Dapps are because I don't use them. I just know that they exist.

You must be careful of plagiarism. You cannot copy other people's work pictures, video, or music. If you copy and paste some sentences, video, or pictures from another person or website, you must cite (reference) the source. You also cannot just site your entire comment or blog. At least 50% of your blog must be of your own creation. If you are caught, you will get put on a blacklist and it is extremely difficult to get off. If you are on a blacklist and continue, your reputation can be severely damaged. Some blacklists don't allow second chances.

If you use a Dapp that copies your Twitter blogs (for instance) and creates a Steem blog by proxy, you must make sure you reference anything that is copied and make sure that at least 50% of the content is your original work.

Here is a link to the guide that you can use to avoid a blacklist
https://steemcleaners.org/abuse-guide/

[baderkh]

Thank you very much, sir.

[beta23]

your post is very nice.