This is a historical graph of both Total STEEM and Liquid STEEM supply
[IMAGE: https://cdn.steemitimages.com/DQmRkEM4t4VXND8N4d1JfYZT6xESoiynTTAmXksTmQbzugj/image.png]
[IMAGE: https://cdn.steemitimages.com/DQmZWH4sMYo6PudSVhdapMdm1axMdYDejdX3vdsChyMmDCN/image.png]
(Note) There are two different scales on these graphs. 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
[IMAGE: https://cdn.steemitimages.com/DQmSZu3rpWECn5ZB2qhDpDtS7RPKjbzHi3QE3XKX8Yr21xY/image.png]
I created these charts with data that I collected over the last year and half.
Why are these graphs important?
STEEM is created at a high rate. Currently 8.38% 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.
---------------------------------------
For a breakdown of how Steemit Rewards system works:
https://steemit.com/steemit/@socky/simple-steemit-rewards-breakdown-how-it-works-since-hf20
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
How to improve STEEM payment system:
https://steemit.com/steemit/@socky/introducing-the-hand-shake-and-how-it-can-revolutionize-steem-blockchain
[IMAGE: https://steemitimages.com/50x60/http://steemitboard.com/@socky/commented.png] [IMAGE: https://steemitimages.com/60x70/http://steemitboard.com/@socky/votes.png] [IMAGE: https://steemitimages.com/70x80/http://steemitboard.com/@socky/posts.png] [IMAGE: https://steemitimages.com/100x80/http://steemitboard.com/@socky/level.png] [IMAGE: https://steemitimages.com/70x80/http://steemitboard.com/@socky/comments.png] [IMAGE: https://steemitimages.com/60x70/http://steemitboard.com/@socky/voted.png] [IMAGE: https://steemitimages.com/50x60/http://steemitboard.com/@socky/payout.png]
