annual inflation is 9.5%
That was the original rate starting December 1. It declines by 1/2% per year so should be down to around 9.25% now.
Hi, I like the website and this project seems very interesting and promising.
But I read the white paper and still can't understand the difference between Steem coins and Steem Dollar coins.
Also, if I understand it correctly you can mine the steem coin?
A lot of the info in the white paper is completely out of date. To answer your questions.
1. STEEM is the basic coin. If you own STEEM you own a stake in the network (though you have no voting rights unless you power it up; see below)
2. There is no more mining. Consensus is DPoS (although you can vote for yourself and as a backup delegate you will very occasionally get to sign blocks so that gives it a little bit of plain, non-delegated, PoS). You can earn some interest (about 1% per year I think) and get voting rights by powering up (locking) your STEEM. It then takes 13 weeks to power it down. You can also earn by posting and voting on the site.
3. Steem Dollars are supposed to be pegged to 1 USD but the pegging mechanism doesn't respond fast enough to keep up with he surging demand, so Steem Dollars are currently worth quite a bit more (about 2 USD). Over time it should eventually head back toward 1 USD but nobody really knows how long that might take. At this point it is more of a somewhat-stabilized coin worth
at least a dollar than a stable coin worth about a dollar.
The circulating supply is 234,214,658 STEEM, is there a maximum ?
There is no maximum but the inflation rate declines by 1/2% per year to a minimum of 1%.
And also, if there are more and more users will the STEEM price go up or the price has to be equal to a dollar in the long term?
There is nothing controlling the price of STEEM other than how it trades in the market. Its price is not capped any more than BTC or ETH would be (unlike STEEM DOLLAR, which has a pegging mechanism, if imperfect).
