There was less HIVE on the 31st of Dec than on Jan 1st of that year. It went down.
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There was less HIVE on the 31st of Dec than on Jan 1st of that year. It went down.
Posted Using LeoFinance Beta
That is honestly incredible.
So essentially all the Hive minted for the entire year for rewards, investors and witnesses was countered by the amount of Hive burned for account creation. That's an incredible stat just by itself. Very bullish.
Thank you!
I feel that the price increase has a lot to do with it as well...if I bought at 13 cents and sold at 3$, that's a lot of disappearing hive there-not a bad thing
I might be misunderstanding the situation, but I would have thought that Hive sold wouldn't be included in these statistics, since that Hive still exists (just on a different wallet or exchange). I thought we were saying that less Hive existed everywhere at the end of the year.
If you sell on hive engine, it's being converted to hbd, which would make it disappear -as opposed to doing it on an exchange
I think!... I'm just a dumb nerd definitely not a techie Blockchain guru
So if you bought ten hive at ten cents for a dollar and sold all at 1.00 ... Then you made 9 dollars and burned\converted to hbd. Now u have 10hbd. If price goes to 2$, now you can only buy 5 hive with that ten
I don't think that's correct.
I could totally be wrong, but I think Hive-Engine just connects buyers and sellers. So if you sell Hive on Hive-Engine, it's not being converted to HBD, it's being sold to another person who wants to buy Hive.
Ok, yes, that makes sense too- just exchanging hive for hbd, so it's not really going anywhere.. Perhaps it's when people convert it I was thinking of-i still think it has to do with the increase in value somewhere