You are viewing a single comment's thread from:

RE: Decreasing HBD APR and Posting Rewards and Increasing the Importance of Hive Power (HP)

I agree to eliminate that 20%, it creates a lot of inflation.

Now, implementing 10% to HP would probably be very bad for the token.

If there is 7 million $ in hive, does not generate more than 700k per year? It's the same inflation.

This change greatly benefits certain wallets, and the hive will be devalued, with this it will be caused every time fewer users enter the Hive

My opinion is that Hive needs to grow and expand, not that it serves to put money in and collect it as you have said in this post.

The option to remove 10% of the votes could be good, as long as that 10% is burned

But generating 10% + 3% of Hive is the death of the tokens and the entire ecosystem.

Sort:  

I guess you're not understanding how it actually works. I believe you're misunderstanding how the inflation is being distributed Vs how much is Hive inflating atm.

Hive projected inflation for 2023 is 6,5%.

This 6,5% is then distributed as follows:

65% allocated to the reward pool (authors and creators).
15% Hive Power APR
10% Witnesses
10% DHF

The APR on Savings comes ON TOP of all of this. this means there is 'extra' inflation on top of the 6,5%

Assuming 7,5M HBD in savings, this equals to 1,5M HBD printed out of thin air every year.

Assuming 150M mcap and 1,5M HBD printed, this equals to 2,25%

So the 'real' inflation of HIVE would be approx 8,75% yearly (at 150M mcap).

It's assumable, as long as Hive trends up and not stagnate for too much time IMHO.