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RE: Bitcoin is the Stablecoin: We need to print more inflation!

in LeoFinance5 years ago (edited)

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Hive
Why does everyone think we're gonna go like x10 if we cut inflation by 5% or whatever people are suggesting? Seriously no, that's not how this works. LEO has x3 more inflation than Hive, do we see anyone complaining about inflation there? Hm, nope, I wonder why that is.

Perhaps it's because when a token is arbitrarily doing well according to the market we're all riding high on FOMO but when volatility swings the other way we're grasping at straws as to why that is and we blame inflation and whatever else."

It's having. what's called a FOMO moment, in the middle of a bull market. don't worry. In the future you'll have years, and years of bear action for the precious LEO as well. It's a lot of circle jerking at the moment, which is fine, not that LEO is abad inherently, but you know well the dominos will fall at the peak of the bull market. Better sell them all!

No, cutting 5% inflation will do nothing. Remove rewards ENTIRELY from the native token would have a big increase in price, HIVE shouldn't have any rewards or any inflation on the native token!

BTC THE Stablecoin? No. Hive is a lot closer to a stablecoin. 10-12cents for 90% of it's existence, similar like Steem. But Steem actually has more pumpamentals currently.

People were lead like lemmings to cash their STEEM to HIVE, when in this bull market Steem will greatly out perform it monetary wise.

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Remove rewards ENTIRELY from the native token would have a big increase in price, HIVE shouldn't have any rewards or any inflation on the native token!

Again, the whole "let's remove the best part of the network so that we can gain some value" idea falls flat on its face.

You literally just said cutting 5% inflation will do nothing. How much inflation do you think Hive has? Spoiler alert: it's less than 8%, and if you think the witnesses are going to take a pay cut you're dreaming. They clearly aren't going to get rid of the dev fund or the ninjamine either.

So again, how much value do you think Hive gains after we eliminate 8% inflation, have zero network security, zero dev funding, zero reason to power up, and no more social media networking connections? The value of the network is gonna go up? Really? By more than 8%? None of that math adds up.

I might of not said this correctly, I don't think inflation does matter too much, but a asset that is deflationary will generally do better don't you think? I mean look at Bitcoin it's just fixed and leaps better, with mining being deflationary in nature with it's difficulty. With that said, my point was the biggest impact HIVE can do is remove rewards COMPLETELY. It shouldn't be a social network, it's failed at doing that, and it never will prevail you know this in your heart. So why not just focus on the tech, become a layer 2 solution that powers DAPPS like LEO, and let them be a social network?

For the sack of HIVE hodlers we need a native token that is not a social network itself. How can the NATIVE Hive token be treated seriously as a DAPP powerhouse toolkit if it is a social network? Why not just make it fixed amount and let it be a solution protocol? I think Hive could be treated more seriously and instead of .10-.15 would be a $5-$10 token like LINK.