Eventually, it might be converted to liquid HIVE but first, it has to be paid out to one of the DHF proposals in the form of HBD. Then, the HBD needs to be converted to HIVE. That is a very long process. Only 0.05% of the HIVE in the DAO is converted to HBD per day and, only 1% of the HBD in the treasury is available for proposals on any given day. In essence, it's locked up just like what is already powered up.
In the long run, it can be thought of as a future liquid HIVE. If the price of HIVE goes up in the long term, the amounts coming out of the DHF will be less than what is already there (and vice-versa). We don't really know how that will turn out.
Eventually, it might be converted to liquid HIVE but first, it has to be paid out to one of the DHF proposals in the form of HBD. Then, the HBD needs to be converted to HIVE. That is a very long process. Only 0.05% of the HIVE in the DAO is converted to HBD per day and, only 1% of the HBD in the treasury is available for proposals on any given day. In essence, it's locked up just like what is already powered up.
In the long run, it can be thought of as a future liquid HIVE. If the price of HIVE goes up in the long term, the amounts coming out of the DHF will be less than what is already there (and vice-versa). We don't really know how that will turn out.
Well whatever the situation, we need even FEWER people to moon the price then!
Yep, that's the point :)