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.
You are viewing a single comment's thread from:
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 :|