Research in progress (Part 3)

in #sbd • 6 years ago

This time I have made a simple table which calculates the % of SBD/STEEM that should be printed.

I think I'll need a few more calculations to conclude this spreadsheet. It is not going to be a sophisticated thing however I hope that it becomes good enough to have a full picture of the landscape.

calculations3.png

#steem #printing
6 years ago in #sbd by
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     6 years ago 

    Big effort brother, go ahead very useful what you do.

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       6 years ago 

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         6 years ago 

        Hi jadams2k18!

        The spreadsheet is to calculate the % of SBD/STEEm that is printed (created). for example, there are $5000 to be distributed as rewards: 50% is distributed as SP and the remaining 50% is distributed as STeem or SBD, depending on the debt ratio.

        As far as I know, post's rewards depend on votes and the weight of the vote. You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

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           6 years ago 

          Rewards come from inflation

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             6 years ago 

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               6 years ago 

              Every time a block is created, steem is created too. New steem are distributed to witnesses, authors and curators (or bots, jajaa)

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               6 years ago 

              I've never really been interested in knowing where they came from til now

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                 6 years ago 

                This is 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.
                Of the supply of new tokens created by the Steem blockchain every year, 75% of those tokens
                compose the “rewards pool” which are distributed to content creators and content curators.
                15% are distributed to vested token holders, and 10% are distributed to Witnesses, the block
                producers cooperating inside Steem’s DPoS consensus protocol.

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                   6 years ago 

                  This means that there is a fixed amount of STEEM to be created up to 20 years from now. And most of it is for rewards. Nice!

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                     6 years ago 

                    You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

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                       6 years ago 

                      The amount that you see is an estimation in terms of SBD and changes daily.

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                         6 years ago 

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                           6 years ago 

                          I think i made a mistake. According to this article, what you see in your post is not SBD but STU (Steem tokens units). There is detailed explanation in that post.