So are there only two ways that HBD is created? When you get rewards for a post and when you convert Hive to HBD? I have heard the term haircut before, but I never really understood what the percentages were all about until now.
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I believe HBD is also created to pay the Witnesses.
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Witnesses are paid in HP. DHF proposals are paid in HBD.
Check, but DHF HBD is already created but locked up if I understood correctly?
Correct. The payout itself doesn't create HBD, but it does put it into circulation. HBD within DHF doesn't count toward the haircut calculation, but once paid out it does.
The DHF receives newly-created HBD from the blockchain every hour (inflation), and some of the HIVE in DHF is converted into HBD every day.
thanks for the clarification, interesting how this all works together, lots of pieces.
Yeah that sounds logical I guess, there's a lot involved with this but starting to understand it more step by step
Ah, okay. I wasn't even thinking of that one.