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RE: Liquid Steem Rewards are Here - Math Time!
@eonwarped. I am happy to see the equation “new_steem = virtual_supply * current_inflation_rate / STEEM_BLOCKS_PER_YEAR”
Thanks for confirming this. It is what I would have expected.
My questions on this are
- what is the current-inflation-rate? 8.5%, 9% or 9.5%?
- where do I find it?
- where in the whitepaper, code, or elsewhere is this documented?
@geekorner has the link above to where it is (desktop mode will send you straight to the line number)
inflation_start - blocknum/250000
978 - 20,824,939/250000 = 894
Which is representing 8.94% inflation at block 20,824,939 , which is the block I just checked just now.