When Will There Be a Billion Steem?

A couple of years ago, @fyrstikken did a post estimating how much Steem there’d be in the future based on the idea that the Steem inflation rate decreases by 0.5% per year. More recently, he recrunched the numbers based on a decrease of 0.42% per year which matches the calculation I did yesterday.

I’m going to assume that the yearly numbers shown are for some point early in each year. He shows 324,458,952 for the year 2019 and as of when I’m composing this post on March 30, 2019 we are currently at 326,316,855.

791,497,645 Steem by the year 2045, with a 0.95% annual inflation after that suggests that the 1,000,000,000th Steem would be created at some point in late 2069 or early 2070.

So 50 years to triple from where we are now. But, yeah, maybe that’s a crazy-long timeframe to think about.

Instead, consider that we’ve got about a dozen years until the supply of Steem doubles from where it is now. Unless you think that (A) the Steem Blockchain will crash and burn or (B) the number of Steem accounts will only double over the next 12 years, you might want to consider doing your best to acquire Steem now when it’s relatively easy to come by rather than later when competition for it may be much stronger than it is now.

Disclaimer: This should not be construed as financial advice. I am not a registered financial advisor; I don’t even play one on TV. Do your own due diligence. Batteries not included. Objects may be larger than they appear in mirror. Some assembly required. Do not taunt Happy Fun Ball.