What is @blocktrades thinking?
https://peakd.com/hiveblockchain/@hiveio/tentative-hardfork-date-hive-hf24-information
the HIVE tokens distributed to the DHF fund will be slow converted into HBD to top up the fund over a several year period and to prevent market flooding.
Oh a several year period, no problem!
So three years? That's 36 months. Hm... @steem.dao... 83M coins total in ninjamine... that's ONLY 2.3M coins per month! Wow, that's like nothing!
Oh wait, that's more than Steemit Inc was selling per month.
We all saw how well that went. Smart.
Seriously has no one done the math on this?
So 5 years then? ONLY 1.38M coins per month. Again, unacceptable. Hive is only supposed to have < 10% inflation per year. This bullshit basically doubles our already high inflation and gifts it to an extreme elite under the guise of development. Well, where's the development?
Show me.
Everyone who's doing any real development already has enough stake in their bank account to make the work they're doing worth it without getting paid extra, aka @blocktrades and friends. The network agreed to pay "someone" $50k for work that had already been done for free. Tell me, did Nike go back and pay the intern millions of dollars for creating the infamous logo? No, more like $20.
Capitalism.
That's how it works. You don't turn around and pay someone that's already done free volunteer work for you. Does a presidential candidate pay back volunteers that helped them get elected? Only the big money players behind closed doors in super shady ways.
It hasn't even been explained HOW this Hive is going to be turned into HBD. They keep using the word "convert" which implies a new function will be created to actually convert Hive for HBD like you can HBD into Hive. The more obvious "solution" is to simply place buy orders on the internal market. Well, @blocktrades, which one is it? How many years is it? Why are these CRITICAL DETAILS AND ANNOUNCEMENTS MISSING AND/OR MADE PUBLIC SO CLOSE TO LAUNCH?
Unprofessional as shit. The ninjamined stake is the most contentious thing about the entire network, and it's being treated like a nothing detail in all these announcements.
Not bearish.
I shouldn't have to explain why I'm not bearish on Hive. I just powered up to 90k coins today. Nuff said. Point proven on-chain without any doubt. This is just one of those little things that needs to be blown out of proportion for a bit so it gets enough eyeballs on it.
fuck-never-send-humans-to-do-a-hobit-s-job
Once again, the events happening now were 100% totally predictable based on the birth of Hive. There are no surprises here, only disappointments.
So the next time you see @therealwolf or any other power-tripping greedy dipshit yapping about how we should get rid of the reward pool before we even have tokens or smart contracts, ask him to focus on the ninjamine instead. I'm not here to make friends with everyone. I'm here to kick ass and take names.
My vow:
I will actually support this network. I will buy low and sell high, you know, that thing that makes you money and supports the network at the same time. Win-win. Guess what time it is right now? It's buying time, not selling time. Fuck off with injecting the ninjamine into the ecosystem right now. Words fall on deaf ears. Not really my problem. Just venting.
My vow part 2:
I'm more motivated than ever to continue development on my Card's Against Humanity clone. The tokenomics of which fit perfectly into this situation. This product will require that users destroy HBD in order to create NFTs within the network. Sounds pretty good in an environment that's potentially about to be flooded by HBD.
When I have a product that I actually think deserves funding, I'll create a proposal for it. Guess what I'm gonna do with those HBD? Send them straight to @null and pump value into my own project. Baller move.
So not only do I think I can create a product/network that has a lot of value, I think I can also directly increase the value of the parent network in the same sweeping motion. Welcome to crypto, it looks like a lot of you at the top still don't get it. Blah blah blah there I go running my mouth again without anything to show for it. I'd say vote @hextech witness, but I'll save that for another day when I actually deserve it.