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RE: HIVE inflation reduction: thoughts on the next hard fork

in #witness3 years ago (edited)

Interesting thoughts and I agree we need more businesses and people interested in Hive as an investment. Will these changes mean that we will now earn 1/8th the hive power on posts than we used to? That's what it sounds like. Stacking hive power has been one of my goals and I do agree that so many people just dump the token which sucks but some people do what they have to do.

Additionally, would earning more HBD per post be a result? I guess that could offset the reduction in hive available for me to power up.

I just don't know the impacts to what people earn would be. I've only sold 5$ worth of hive and that was just once, so I'd enjoy being able to continue to stack the token in hopes of future uses like creating a token of my own to coincide with something I am working on.

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What I think happens is as the token increases in price you just get less token, so if you get $1 instead of 4/5 hive for your 5% reward you get 0.500, it's only a number change and jinking the scoreboard, its more a psychological thing and financial engineering than an actual fundamental change, debating this is actually pointless

Just get it and get it done already lol

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Hmm wouldn't 1/8 of 1$ mean that it would be .125 hive per 1$ earned? That would then be cut by 50/50 reward, so .0625? Might be conflating the math there but that's tough lol

Lol it’s late and I’m too tired to do math, but you get the point it’s just a change in the token allocation! It’s not only that sellers far outstrip buyers is also the fact that we’re simply not generating enough users to come in and compete the old inflation rates was based on a certain growth pattern steemit had in mind so time to change it