1 - yes clear
2 - Yes, you are correct that these are paths of action, but we have a phenomenon of people over history printing money until they print to zero. Its a real human condition. Blockchain tech was supposed to remove the money printer from the hands of people by having programmatic inflation schedules so we could all say "we have sound money policy over here, you should move away from those bankers", and while the Hive price was high, and DHF spending while not programmatic, was still a small amount compared to the market cap of Hive, and so had little affect on inflation. A model where there is no cap on outflows from a DAO and that DAO is paying out in stables, is susceptible to the scenario we find ourselves in right now where groups of humans albeit unintentionally print all the way to 10 cents Hive. For example, we should probably all take a look at how much new HBD our DHF votes have resulted in being issued in to the economy. I think we will be surprised at just how much more new money user's votes have issued from the DHF into circulation on top of programmatic inflation. Shocked even. Its a lot and i dont think people on Hive have any appreciation for it, most on Hive think we can keep spending our way into a higher market cap, but at what amount of dilution to their wallets? They dont seem to factor this in.
Like I said before we clearly have a serious problem and when it comes to running a sound economy, our credibility is essentially used up (maybe not quite yet but we are close to serious damage), and so this blog is a place where people who dont agree with the money printing and who are already voting return prop can voice their views and discuss alternative ways on top of the vote return method, which i also advocate for of course
I don't necessarily agree there is anything unintentional about the DHF spending. People (especially the very large stakeholders who have a big role in funding most of the proposals) for the most part know what they're voting for, and certainly know about the price trajectory. There's probably some disagreement as to the degree to which the spending is responsible for the price drop, as opposed to other market factors (let's be honest, lots of crypto coins/tokens have gone to near-zero with minimal or zero inflation, it's not the only reason at all).
Beyond that, we broadly partially agree and partially disagree, so we can leave it here.
sure, I rather focus on coin market cap rank, not so much on price. I hope that collectively we figure out how to reduce inflation at these low prices while still remaining as productive as possible. Appreciate the constructive back and forth