Do you know when the date the inflation rate will decrease by 0.5?
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Thanks @tarazkp for calling ;-)
It's actually in 0.01% steps, starting from HF16, and interval is not in days, it's in blocks.
HARDFORK 16 at block 7353249
Starting with the network’s 16th hard fork in December 2016, Steem began creating new tokens at an
annual inflation rate of 9.5%. The inflation rate decreases at a rate of 0.01% every 250,000 blocks, or
about 0.5% per year.
So it seems that next, 98th decrease will be after block 31853249, that is in a little bit more than 3 days and 5 hours from now.
Thanks mate, I had no idea that is how it was working.
I always imagine you seeing the blocks flow through your witness in green 0s and 1s like Neo would.
Basically, inflation is decreasing by 0.01% every 250000 blocks validated!