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RE: Wen Moon? Using on-chain data to gauge the health of the Hive economy

in LeoFinance • 4 years ago

A terrific piece of work, thank you.

The encouraging part from all this is that the numbers are not real large. It will not take a ton to turn the ship. There is a lot of extracting going on presently but that could change with just a few sinks that start to suck up HIVE as opposed to it getting pushed to exchanges.

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4 years ago in LeoFinance by
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     4 years ago  

    Thanks bud, appreciate it.

    Yeah spot on, I think that's the key take away here - we only need a small shift to start moving mountains. The HP chart suggests a lot of the big powerdowns already happened at network launch.

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     4 years ago  

    The HP chart suggests a lot of the big powerdowns already happened at network launch.

    That makes sense since there was a lot of powering up going on before the split. Plus the airdrop went to many who were on the "Sunny Side".

    I would think a lot of them powered down, including exchanges, and sold out.

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