1- The HBD debt isn't that much at a cost of around $100k per month currently, I agree. The main "problem" is the DHF spending at 2.5x HBD Interest is the most urgent action and should be addressed with priority. This shows how out of kilter the DAO is with reality.
However, combined together, they both take over 50% of the monthly rewards from HP holders and this signal is a big problem.
There are many good things about Hive, but these are sadly dwarfed by the lack of transparency and the duplicity around the adjustments to tokenomics to benefit insiders. The 2 big examples I just gave above to extract value from HP holders (50% of rewards without doing anything ~$350k per month).
1 - 100% agree.
What do you mean by 50% of monthly rewards from HP holders? Do you mean this accounts for author/curation and HP interest combined? I guess u mean that.
If this is the case I would say this situation can only last for some time. If we stay for ages at 0,1-0,2$ yes, can be a problem. But this current price action is a bit of the "expection". We haven't been there in a sustained way since +4 years. So talking about this price like the normality it's a bit of cherry picking.
What do you mean by duplicity around the adjustments to tokenomics? HIVE last relevant update to tokenomics was in 2021 when mechanism to mint HBD by burning HIVE was introduced.
Yes, with the lower prices, the figures are inflated for the DHF. If the price rises it should become better and lower %. However, as the debt limit was increased, the conversion stop didnt kick in for the $11m HBD debt and as the DHF debt isnt counted at all, there are no measures to slow this down either.
With PoS chains, network dominance tends to lead to more network dominace. Are you asking how it is done on Hive? If there was no HBD interest and DHF payments, for people to keep their network dominance, they would have to hodl their Hive. The HBD interest and DHF payments allow circumvention of this.
Ah, u mean this.
Even without HBD interest and DHF payments, % share of stakers would go down over time because of PoB. But that's not a problerm IMHO. HIVE is decently spread out Vs many other coins. It's a process which just takes time.
In an ideal world, supply of HBD is in the billions and HIVE is a 10-20$ coin similar to LUNA but decentralized and without the pain point of death spiraling at the minimum
Yeah, fingers crossed 🤞 hopefully this is the bottom and we get a nice run from here.