Well, yes, it is created out of nothing just like new Hive tokens. However, the emission of new Hive happens according to the code and the rate is known. HBD created to cover interest are then backed with some of that Hive from the Reward Pool - instead of giving the new coins away to authors and curators, they are given away to the stakers, if I put that very simply.
I believe we all shlould be aware of those things, if we want Hive to succeed in the long term. It's important to realize that even in the world of crypto, you cannot create something sustainable out of nothing. True, you definitely can generate some buzz and sell nothing for billions, but that's something completely different than what Hive should be.
Okay yes I understand better. Basically, instead of better remunerating creators and curators, we're giving too much income to stakers? Is that it?
In that case, indeed, lowering the HBD interest a bit would allow people to focus on value creation and curation instead, because that would then be the most remunerative.
I'm saying this in simple terms, but it's to help me better understand this economy.
Yes. There is one huge bag of minted coins, and we opted for this commitment - paying some of it out for HBD staking.