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RE: BURN 821 HBD/day

in #proposal6 years ago

4450 HBD is dripping into the Decentralized Hive Fund each day, almost 60% more than before the STEEM/HIVE fork!

This is not true. 4450 is the maximum amount that could possibly get spent from the Hive Fund on proposals. Meaning, that is the daily maximum pay the Fund can pay to all proposals combined. And what actually gets paid is lower than that - it's the combined amount of daily pay of all active proposals above the base return proposal. At the time of writing, this amount is 1160 HBD. However, 250 HBD of that amount is for the SBD Potato proposal which ultimately goes back into the Hive Fund.

Please get your math right and do more due diligence to understand how the system works.

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So 83 m hive and 163k hdb was added to maximum funding at an unplanned and arbitrary time. And that much can drip into the decentralized hive fund? What's the difference other than our interpretation? The math remains the same.

What does SBD potatoes have to do with this? Other than stabilizing a peg that doesn't work, it doesn't change anything except makes the argument even more valid, too much potential funding exists, burn some! These aren't drastic measures its 821 SBD per day that can be turned off at any time.

Inflation scares investors.