The 10% haircut isn't even training wheels. Inflation caused by HBD is infinite, even with a haircut. I have a massive post on HBD coming up.
Basically, not many people on hive understand it. I only know one who does (other than me).
So right now, the haircut is only giving drawbacks without really helping to cap the inflation, or maybe it does but definitely not as much as people think.
Aren't you worried though that an elastic hive circulating supply based on HBD supply and demand could cause problems in terms of RC distribution on hive and/or governance?
For example, Splinterlands needs RCs. They buy and stake hive. Suddenly HBD sells off and tons of HBD are converted to hive.
Now Splinterlands are left holding the bag and don't have enough RCs. Not cool