My weekly look at Blurt's economic indicators.

All rises and falls are relative to last week.

Blurt Economic Indicators

BLURT Supply = 464.7 million
Vested BLURT (BP) = 55.5% (+0.0)
BP Voting Capacity = 39.3% (+0.6)

Reward Pool = 1.924 million BLURT (=0.011M)
Recent Claims = 152.2 TRshares (+2.6T)

Vote Yield estimate (100k BP) = 25.7% APR (-0.5)

Author/Curation Yield estimate = 12.8% APR (half of the Vote Yield)

You can also see the raw numbers on a blockchain explorer.

Insights

Just as all publicity is good publicity, maybe all activity is good activity; at least for the Blurt economy, even if not for all actors.

An issue came up on a post, whereby the Voting Capacity came into play. I explained it when I first introduced the metric, but here goes again. The Voting Capacity is an estimate of how much of the powered up BP is actually voting, on the assumption that each active account votes at the optimal rate.

So, if we multiply the total BLURT supply by the Vested rate and by the Voting Capacity, the above figures give an estimate of 101M BLURT. Comparing that to the support for the top witnesses shows that this is an under-estimate. At the time I created this, it was more important to track the weekly changes than the confidence interval of the absolute value.

Not much else to say this week!

Comparisons

I was going to remove these comparisons with other Graphene chains, but there continues to be talk of the relationships between the chains that these metrics below may help aid understanding of the flow of coin trades.

A comparison with the other Graphene chains done using the DLease delegation rates.

Steem DLease rates: max 19% APR (average 16%)
Hive DLease rates: max 10% APR (average 9%)

Those rates have always tracked the profitability of each chain and have the advantage of being one simple number.

Steem debt is now well over its ceiling of 10% and hence SBD printing is now zero.

We now have a BLURT price feed within the Blurt wallet, so I no longer need to give my weekly price comparisons. Instead, I shall show the difference between our BLURT feed estimate and the BBLURT price.

BLURT feed: $0.0079 (-5%/week)

BBLURT price: $0.0084 (-14%/week)

After weeks of holding firm in the face of a crypto winter, BLURT finally succumbs to a significant drop. This isn't really about the wider market but about people. Pan out to a chart of the last year and you will see it has had little to do with "following Bitcoin" and all to do with internal issues, both good and bad.

Note that any swap pool price will not necessarily reflect open market prices. A swap price will only change when there is an actual trade; buying BBLURT will increase the price and selling BBLURT will lower it. There are no "open orders", so every transaction will have an effect. This is how arbitrageurs make their money: buying and selling price discrepancies across different markets.

I hope these numbers will give members some insights into how the Blurt economic system is managed and, more importantly, how each individual user can both benefit from and affect the whole chain.

Blurt Better!

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Buy BLURT on Probit, Ionomy, Hive-Engine.

Buy BYT on Hive-Engine

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Please vote for my witness account @busbecq.
Can be done directly here.
A witness is more than a machine - and so are you.
Thanks!

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