January 2021 normal payouts $5-$10.
My how fast things move.
The users losing are theoretically the ones paying more than $1 for HDB.
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January 2021 normal payouts $5-$10.
My how fast things move.
The users losing are theoretically the ones paying more than $1 for HDB.
It's not January anymore! Your payouts are in the $100 range now, a nice clean example number. Maybe 40 was an average.
"The users losing are theoretically the ones paying more than $1 for HDB."
Who pays more than $1 for HDB? I don't understand why they do it, if they're losing money to those of us who are selling. I keep getting told "we're getting extra money right now from the HDB conversion" but I can never figure out where it's coming from. Maybe this question will help. When we AREN'T getting that "extra money", who is?
$40 was an optimal example because it breaks both segments of the author payout into $10 blocks.
Strange question to ask on a network that prints new money inflation on demand out of thin air. No one gets the extra money because it doesn't exist.
The network distributes HBD under the assumption that it is $1.
This value is calculated by the witness price feed average over 3 days.
HBD is minted based on this moving average of Hive determined by consensus witnesses acting as oracles for the network.
When HBD trades higher than one dollar because users are paying more than a dollar for it, the network does not print less HBD. There are no oracles to tell the network how much HBD is worth so it assumes $1. This is where the extra money comes from. HBD assumed to be a $1 value when it's not due to speculators paying a premium.
Okay, thanks.
Nice HIVE consolidation since the last move up, now testing 0.8 USD as support.. oh how I hope this is only the start of good things for this community!
Hive gonna x10 again while the market stands still before the end of the year.
Easy peasy.
I think so too, but if that happened I'd actually have enough money to do something with (other than buy a few bags of groceries), hmmm. My silver is still worth pretty much about what I paid for it, so HIVE is really my main hope at the moment.
Was thinking, even if the rest of the market stands almost still while HIVE rises...
It's going to take a market cap of about 10B for a crypto to be in the top 20. I think HIVE can be in the top 20 again (like STEEM was, back when all the cool people were there).
Currently, HIVE's market cap is about 0.3B.
I realize this is an oversimplification, but by my very rough back of the napkin estimation, HIVE could do a x20 or x30 from this point.
I think a x10 this year is no problem. That would only take it back to the high from the previous bull market.