Here is the inarguable point that most of this logic is founded on:
We can print unlimited money if the ROI on that money yields a net gain.
This is a mathematical fact and can not be argued.
The problem is that people in crypto fail to recognize the significance of this fact.
We've been brainwashed to think that inflation is bad because of the fractional reserve banking.
We've been brainwashed to think that inflation is bad because of Bitcoin's deflationary success.
Inflation is good when we control it and allocate it to smart investments.
If we print a million dollars and then get a return of $2M, that is a massive win, no matter how you slice it. Returns like this are very hard to get in the legacy economy (and high risk), but very easy to get in crypto when we control the means of production and the currency itself.
If we want an elastic currency that can bend given changes in market demand, then we need to come up with ways to manipulate supply. We can not increase demand by taking away the rewards and incentives that create demand (this should be obvious, but for whatever reason is not). Again, the crux of this issue is lowering the demand/price during the middle of crazy bull markets, which is something that no one has ever done before. Once we can do that, pumping the bear market with stimulus is a trivial process.
If crypto wants to compete with fiat, at least some networks are going to need an elastic supply that promotes stability. It is all but guaranteed that eventually tokens will pop up that have these kinds of stabilizing elastic features.
And you'll also note that I said Hive should do nothing, for various reasons that I didn't even get into because the post ran too long, just like this comment.