This is a real issue that for some reason no one is taking seriously. Feels like everyones just going to enjoy it for another year and then it's all going to brow the F up. These inflation rates are nuts and needs to be fixed asap.
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I think there is a conversions all the time. I have engaged in few of them as well :) Wrote a few posts about it. People are awere. Swiching from virtual supply to regular is one real outcome that should happen in the next HardFork. The other thing is the DHF. There are talks about that as well. Diferent opinions a some salty ones.
At the end its the PoS system that decides and basicly the ones with the motst skin in the game up to now have been on opinion that we should support development and fudning. With that said the return proposal have increased from somewhere at 25M to more then 35M in 2024.
What are the barriers to that conversation?
That our HBD interest rate should be below curation rewards rates interest (11% roughly) and be around the 5%-8% mark. However with the hyper inflation happening we might need to go a bit lower to off set it. It will eventually get out of control to the point everything comes crashing down. It wont be over night but it will get to that tipping point at these current rates.
HBD from interest in 2024 was around 1.4M and DHF at 3.4M HBD. Author rewards were around 1.5M. A total of 6.3M HBD was added in circulation and basicly all of it converted to HIVE, becouse the overall HBD supply stayed almost stagnant at 10.8M.