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RE: Weekly update on HF 24

in HiveDevs4 years ago (edited)

Thanks for the update. Although maybe not for everyone, but the act of comunicating these things is important.

Any thoughts of removing or maybe set it to 1% the inflation for the DAO/DHF, since there is now aproximate of 20+ years dev funds.
At the curent rate of projects funded, 1M HBD per year.

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The DHF is a relatively small part of Hive's overall supply increase. Even though I agree there are plenty of funds there now (or would be, if the Hive there was converting to HBD, something that may not even happen with this release), I think it's important to have that little bit of long term inflation, so that there's an implicit promise that there will always be funding for development. More to the point, I don't think changing this factor will really make any real positive difference.

Thanks for the reply.
True the DHF is only 10% of the overall inflation. We can start there, maybe not cut it in total, and later move to the other reward pools, author/curation. For example if we cut those in half now (after smt?), we will be around 5% real inflation (hbd conversions included), that is standard for most top cryptos.

The next 5÷6 years have the higher inflation in absulute numbers, and will add somewhere around 175M hive in circulation.

To offset this supply we will need some growth :). Sometimes cuting down inflation can jump start growth. Bitcoin halving prime example.

But nothing guarantied.