Sort:  

Inflation is the increase in the supply of money that raises the prices of goods. More money supply, higher BTC price.

Thanks!

Maybe #Hive will take off too ???

The management of user retention through unrestrained taxation prevents Hive from becoming more than the original ninjaminers can completely control. They maintain the majority of stake so they can maintain complete control of governance, and prevent distribution from altering that majority. If you follow Arcange you can track the maintenance of stake by the whales.

Whale Stake

There have been ~36 whales in control of Hive from the creation of Steem in 2016. Today it's ~40, a few added from time to time as they demonstrated competence.

Whales

HBD is pegged to $, so it remains at par regardless of inflation.

Edit: Steem demonstrated what happens when the whales lose control. Ned selling the Founder's stake enabled Sun Yuchen to take control of the witnesses and the governance of the platform. Hive and Steem are pure plutocracies, and the 30x stake multiplication of witness votes enables the majority stakeholders to completely control the witnesses and governance with the bare majority, as the first pic I linked shows.

They suppress growth to prevent the platform from being attractive to outside investors, because any $billionaire can do what Sun did, and take control of the platform if the majority of stake is ever not in the possession of the ninjamine whales. They have a constant income/ROI from their stake because they extract the vast majority of inflation from the rewards pool, and will as long as they control the witnesses that run the code that determines how rewards are distributed.

While the last pic shows ~2.5M minnow accounts, almost all of those are socks claimed by whales, and there are only 3-5k actual users on the platform, which you can track by the number of posts and active posters in a given month.

Active Users

The whales have all those accounts in order to be able to automate rewards extraction with AI. Also ~1M human users joined up in 2017 but were flagged off the platform or gave up in disgust with bidbots shortly afterwards.

Topic: Global M2 Money Supply Predicts Bitcoin Next Move

Arguments For:

  1. The increase in the global M2 money supply indicates higher liquidity in the market, which could potentially lead to more investment in assets like Bitcoin.
  2. Historically, there has been a correlation between the M2 money supply and the price movement of Bitcoin, suggesting that monitoring this indicator can provide insights into the future direction of the cryptocurrency.
  3. As central banks continue to print money and inject liquidity into the economy, Bitcoin, as a decentralized asset, could be seen as a hedge against inflation and currency devaluation.

Arguments Against:

  1. While the global M2 money supply may have an impact on the overall market sentiment, it is not a guarantee of the future movement of Bitcoin or any other asset.
  2. Bitcoin is influenced by a multitude of factors, including market demand, regulatory developments, and investor sentiment, making it difficult to solely rely on the M2 money supply as a predictor of its price movement.
  3. The cryptocurrency market is highly volatile and can be influenced by sudden external events, such as regulatory changes or security breaches, which may not be accurately reflected in the M2 money supply data.

By presenting both sides of the argument, readers are encouraged to think critically about the relationship between the global M2 money supply and the price movement of Bitcoin, recognizing both the potential insights it may provide and the limitations of using this indicator as a sole predictor. This format stimulates critical thinking by prompting readers to consider multiple perspectives

Loading...