Well with all due respect i think these theories are completely unfounded and probably false. lol. So here's the part i agree with. Here's the part i disagree with . People speak of cryptocurrency as if the fundamentals of it represent some entirely new way to view money.
That's been proven false looking at the stockmarket trends. its been proven behaviorially false. It's nothing to suggest that the bare bone fundamentals of cryptocurrency are any different than our normal economic systems. If anything i believe it over exaggerates those very principles.
So here's what i agree with. A growing economy with high inflation makes sense. The problem is historically dpos systems generally are sinking. Now why is that? It all seems to be psychologically related. I'm not sure if its because hive and steem is interactive or if its just that people can see and engage with accounts with visible positions interacting daily i don't quite know what it is.
I do know this its alot of things that happen around here that rubs me the wrong way,lol. That makes me want to not invest alot of effort or time or energy. Now if this is a common happening i'm guessing thats bad for this platform. I can't even fully explain it. All i know is something urks me with these communities sometimes. So the question would be why don't i leave? Well there is something efficient yet about these dpos systems that apparently i like. I don't like the community much.
The issue is as far as your inflationary theory and growth i could see this being reasons to stunt the growth. Now if the growth is stunted each year by x amount of percents then what it seems to me is more likely, you will have alot of tokens in circulation that people don't need. Which means they going to dump them on the open market. it's the same with miner inflation which is why i'm always interested in different algos than pow. That is because miners don't need inflation. They have and generate these coins and the only thing left to do with them is sell them lol.
Now yes if these dpos systems were growing each year your theory i believe would work. I don't believe thats whats happening. in fact if anything i'd have believed that dpos experienced the height of its growth years ago.. especially the steem/hive systems. I would imagine now its in decline. I"m not trying to rain on your parade but i'm just saying if thats true then that theory isn't going to work for the system overall. you're just going to have accelerated selling pressure.
it would almost be as bad as if you had shorter power downs. Which i believe would be catastrophic by the way. I'm not sure why you keep pushing this inflation idea. I mean your position and earnings seem alright to me. I just don't feel its enough people on here to be pushing out more coins. Unless you can show me data where the growth rate is much higher than its been. The only other thing i could probably move to say is that it has grown and its more liquidity in the market but still alot more selling pressure which is why the price doesn't go up relationally to other projects or bitcoin. As to say when bitcoin was at 20k.. Steem was at $11 or something? held upwards $4 for several months after.
I know many don't feel hive is Steem. However i think thats a bit disingenious to say that. Even if we were to reduce that rate by 50% accounting for say like the fork itself. .Well the price of hive is not even quite 50 cents. So it may be possible to have lots and lots more liquidity maybe. However i believe you'd still have less and less distribution which pushes towards more economic prosperity.
I don't know if i'd be convinced that would address any of that. We've tried several things and none have seemingly worked. The only thing that really seems to work is when we have growth. Growth is value because people are valuable. So i don't see any hard evidence to agree with your theory. On the other hand there is countless data on why deflation is creating money. Scarcity is basic market economics no matter how basic and no matter what the theory of bitcoin is.
Bitcoin relationally to hive and steem has improved. it has grown against the usd and other currencies all due to its short supply. if bitcoin every year increased the coinage. I don't think it would be growing like that against the usd. So i don't quite get the point of that. I get the theories but unless you saying my friends and my neighbors would like hive and steem which i dont think they would the way the rewards pool works. I have tested that i brought in 2 friends and they left after a few weeks. Both didnt like the system. I fail to see inflation working.
Not to bring in my own project which is a deflationary project. However we have data. Our token is a piss poor performing token at this time lol. However here's teh data.. last year it was at 0.000025 hive... now its around something like 0.0034 to 0.004.. that's due to its deflationary qualities. if it was inflationary i dont believe the ticker would be abel to quote any lower lol. So i don't see your data. It has happened with notable projects inflation works. it works with doge coin it's worked with hex coin but the key differences in these coins were they were superbly marketed.. gained attention drew people . new people were phenomens in themselves and thats not what's happening on hive. So thats why i find your theory disagreeable. Do i think that can change sure if those other things were to occur. There is no statistics they are. In fact according to cmc.. hive is what around 300.. Even if the entire crypto market fell as it did. Hive should still have not fell in relation to other coins lol. So to set more coins into circulation i don't know if thats going to draw more people in and more value. I think its just going to suggest to people to sell more coins lol.
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