Let's compare goals versus effects. Instead of searching for ways to lower DHF outflow and money printing try finding another goal which has this as a side-effect.
For example maybe if the DHF would not print NEW money and instead paid with money which are already in circulation the side-effect would be a stricter release mechanism, big MAYBE.
Yes would be great to do this without using the community's money (your money) but if you go ask ppl if they will personally fund the funded projects instead of voting for them with the DHF, i dont think i need to tell you what the answer would be
That's exactly how the DHF should work, then. The reason we're funding a rally car is that's it's free,magical money, and not anything anyone has any stake in. Send the Founder's Stake to @null immediately. Then we can leave HBD interest rates where they are, or even raise them, as @demotruk points out we should during a bear to discourage conversions,
20% here we come!
When Hive hits parity with HBD, we can drop rates gradually to encourage conversions, which will also help to ease volatility. @demotruk, correct me if I'm wrong.
Did anyone see 'The Gods Must be Crazy'? The DHF is like that coke bottle that fell from the sky in the Kalahari, nothing but trouble, because it just fell from the sky. It cursed Steem, and now it's cursing Hive. Restore our fiscal diligence, our prudence, by burning all free mined stake that just fell from the sky. Nothing good ever fell from the sky.
There were towns that received incredible bounty of minerals that fell from the sky, and they would confirm that bounty was a curse instead, if we could ask the residents of Sodom and Gommorah about it.
It depends on witnesses getting on board with this kind of policy. If they don't reduce during bull market then it doesn't work. In the long run I think it should be made a stakeholder vote (based on stake-adjusted median). It's economic/monetary policy and stakeholders are the ones paying the cost of being diluted.
TBH I'd rather stick with 15% now and gradually reduce once Hive price starts to recover.
Burning the DHF would end the hemorrhage of Hive onto the market from that source, and that would strongly assist the restoration of token price.
It would be a strong signal of commitment to fiscal prudence.
However, I honestly think the market isn't really watching for signals relating to Hive governance decisions. Rather, the price goes up or down primarily due to broader sentiment, with token supply having an effect as the rubber hits the road (ie. more supply directly landing on the market).