From how I understood it from the graphs is we pay out more hive as the price goes down
More Hive isnt being paid out, but the HBD being sold creates more Hive on the market, thats why we have much higher inflation than planned.
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Thanks for this clarification. I am surprised by the value of HIVE in the last year. Hive in a year has made -33%. But this was a year that for many cryptocurrencies was a year of growth, so it was not for HIVE. I am sorry for this. After your comment I understood better why the value of HIVE has not grown like other Alt Coins
Yes, the tokenomics of HBD have made holding Hive very unattractive. Unless this is reversed, Hive will continue to stagnate.