The regular inflation is around 70k HIVE per day.
source
70000 x 30 = 2100000
2100000 x .45 = 945000
945000 ÷ 2 = 472500
78000 ÷ 472500 = 16.5%
In terms of absolute numbers, the HIVE supply in February 2024 has increased from 421.9M to 423.5M, adding 1.6M HIVE in circulation, while the projected one is around 2M.
source
Remember, dear reader, the 50% that goes to curators also controls the 50% that goes to their selected authors.
These 2 facts are inextricably linked.
50% of rewards are controlled by the top 20 accounts.
What the top takes and bestows on the favored, nobody else can have.
I refreshed this pic several times and it wouldn't give me the rest of it.
source
I think we can see where this is headed.
Things are better since the fork.
But, I think we can agree that the chapter 9 challenge is proving its math right here in the hive.
When a system is designed to feed the profits to those that already have the most is that an optimal design for the rest of us?
I understand the need, in the context of hive, to have a control available when the chain launched, and probably while it is tremendously undervalued, but I will be happy to watch that iron grip relax over time.
Why would somebody with nothing want to stick around and watch the game of the rich getting richer playout before their eyes?
Masochism?
I think we have our answer in our active author to dead fish ratio.
2 million accounts, 4000 active authors.
It's a clue.
Not all of those are splinterlands and curation bots.
It's passed time to evaluate how things are currently structured in light of the time spent on this aspect of the chain's dynamics.
Imo.
This is extremely dangerous to our democracy.
Death to Discord!
Long live Sting!
Join the Hive Discordiant Room: https://app.element.io/#/room/#hivediscord:matrix.org
Billy Jack, the movie.
The Trial of Billy Jack.
Billy Jack goes to Washington.
