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RE: Red Flag: Hive Debt Ratio Going up in the Bull

in LeoFinance3 months ago

All of it dilutes my 1 hive.

Really? Interesting.
Have you tried looking at your own wallet?
It generates HBD.

When a central bank prints money out of thin air are they thinking "hm maybe I shouldn't do that because it will dilute the value of my other assets"? No they print the money because fucking obviously. And yet here you are printing HBD and having the audacity of making that exact argument. Have you even considered the possibility that it's actually you that's devaluing the stake of others on aggregate? Nope.

You are operating under the provably false assumption that printing money has zero value and a 100% dilution rate. You've decided that printing a million dollars creates one million dollars of dilution, and you are wrong. Inflation is an investment, and only in the absolute worst case scenario is that investment going to have a long term value of $0.

This is an easy fact to prove. If Hive had zero inflation (or even worse: deflation) the value of the network would be zero. The money we are printing is the only thing giving this place any value whatsoever. Nothing is being diluted; this so called dilutions is the foundation of everything being built. What you say is not how it works for like half a dozen different reasons. It's a grossly reductive take that oversimplifies a complex issue. So again: veto.

I am in the top 20 most highly paid bloggers on this platform. It's mathematically impossible that HBD printing from the reward pool could dilute my position. It's also mathematically impossible for me to be diluting others because I've brought more value to this network than I've extracted. Your theory doesn't account for any of these variables and chalks everything up to "money printer go brrrr". It's truly difficult to express just how incorrect that is across the board from a fundamental standpoint .

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