How do you know it didn't make any difference? It makes huge psychological differences when you see people getting free HIVE and selling it constantly. Why should you buy HIVE (from them), if those who are in the system and benefit from it, don't have an incentive to hold it? It's like eating at a restaurant where the chef won't eat his/her own dishes.
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How does messing with the inflation rate increase incentive to hold it?