I missed that return is on top of Steem dao and good point. But only 25% of Hive dao is being used. It seems to be growing around 40~50% more than Steem dao. The extraa trickle rate should be connected to the fork, not to mention overall effects of instantly powering down 83 million Hive.
Time will tell if we need all the cash, we definitely have good mechanisms to prevent abuse and stuff being funded we definitely don't want.
I don't think there is any enduring evil or serious flaws and I definitely choose Hive over Steem. Things should become clearer soon enough.
I’m reading around now and trying to find more concrete info on the conversion. I’m not entirely sure it’s even happening yet... just made note of the liquid Hive balance in the DAO account and want to keep an eye on it! I’m getting the impression the conversion may need to be kick started in an upcoming fork, so that rate might not be set. I think the Hive DAO growth accelerating could be largely due to the token price doing pretty well this first week.
I just took a look and got confirmation from markymark, I was wrong about the trickle.
The reason it is more is that there is much less powered up Steem. Yearly inflation is based on total supply but only distributed to people with HP and there is around 83 million less HP because of the instant conversion. Also, some of the accounts that got HIVE airdrops snatched from them had SBD. Anyway confusion, but at least it is off and doing nothing except really chaning the HP balance for now (we get more bang for our buck :) The price increase also helps, but it didn't increase mmuch relative to Steem the first few days when no one could move much.
We will definitely have to do some EIP during the next hard fork now...I was really hoping for SMTs :|