Your post (and image) reminded me of a similar post I wrote two years ago when people wanted to burn the pre-mine. It just never made sense to me.
This isn’t exactly related to your post, but my idea back then was to just go ahead and print the next X number of years of Hive inflation and put it into a distribution account that no one holds the keys to. Inflation would then be distributed from that account. The net result of how much Hive would be in technical circulation would be the same as our current model, but Hive’s market cap would sky rocket with minor market moves because this accounts Hive would be part of that calculation. This would allow people to be able to say, “Hive is a top X” blockchain, which does matter to some people more than others.
I don’t think we will actually do it or should but it was an interesting thought experiment.
I was one of those people who wanted to burn the premine.
Burning the premine isn't about destroying tokens, it's about taking power away from the elite.
All of the value on Hive is stored in liquidity pools.
The risk of allocating 80M tokens to "development" seemed like a huge risk.
It still is a huge risk but it seems like it's worth it (or at least a wash). The coins in the @hive.fund are vapor if we don't have exit liquidity to actually sell them.
Haha. :)
indeed