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RE: Debt Kills. The Witnesses Have Listened to the Merchants of Debt

in LeoFinance2 years ago

I don't share your vision of the future, I think getting more hbd in circulation is a positive thing.
Presuming that folks hold it and use it in their stores/games we have nothing to worry about.
I'll check back on that decision when the debt ratio breaches 20%.
I will grant that until we survive a downturn in the market hbd remains untested, and any opinions speculative.

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There used to be an HBD richlist.

I can't find the link.

The HBD richlist is the thing that would make your blood boil. The largest holders of HBD were not active on HIVE.

The witnesses are using the value of HIVE to secure large passive incomes for a small number of millionaires.

The High Interest is not putting more HBD into circulation either. People bought HBD on external exchanges. Pulled it into HIVE and transferred it to savings to get the high interest rate.

It is actually reducing the amount of HBD circulating on the exchanges.

Posted Using LeoFinance Beta

We have to use the tools that we have.
Adding 'bonds' increases the inflation while locking it up in a market.

Getting from here, a few million hbd, to there, a few billion, has to happen some way.
If we just print some the price will dump and those millionaires will make even more between shorting on the way down and longing on its way back up.

How do you propose we increase our exposure in the markets?