RE: LOLZ's Daily Earn and Burn Contest - You Win When We Burn - 3/1/2024
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I think that while reducing the daily amount on Hive Proposal funding requests on projects is generally a good idea, it would be better if a Hive project owner just declares (on a "normal" official post) that they would be burning a good portion (such as half) every time they get HBD (which is once per hour if the support is above the funding threshold), where there will also be no need for a separate proposal. 🤔🧘♂️🤗🤓
!HOPE
!LOLZ
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Yep, until there's a lot more demand for both HIVE and HBD, let 'em burn! 😁 🙏 💚 ✨ 🤙
!HOPE
!LOLZ
They can also convert the extra HBD to HIVE, then burn the resulting HIVE (after waiting for 3.5 days) to help control the HIVE token inflation. 🤔🧘♂️🔥😎🤓
Well, since it would be equivalent amounts, using HBD to buy HIVE, and then burning the HIVE, would not deal with the orginal HBD. It's far better to convert the HBD to HIVE, thus destroying the HBD, and then burning the HIVE on top of that. 😁🙏💚✨🤙
!ALIVE
!BBH
!HOPE
!INDEED
!WEIRD
I forgot about that. 🤔🤯 The HBD from the buyer will just go to the seller !INDEED. 🤯🤯
I just edited my previous comment to make it more accurate (or less inaccurate). 🤓😏
!LOLZ
I figured, and you got it.
I see that, the only thing about that is that it now makes my reply a tad redundant. 😁🙏💚✨🤙
!INDEED
!LOLZ
Generally, the best way to reduce or even reverse the further reduction in the price of the HIVE token is to buy more of it, though that seems unlikely (!HOPEfully not for long) !INDEED. 🤔🧘♂️💸🤯🤗
!WEIRD
!WINEX
More needs to be bought and staked than unstaked and sold, which is not presently the case. 😁🙏💚✨🤙
!ALIVE
!BBH
!HOPE
!INDEED
!WEIRD
It's still !WEIRD to think that while some people on Hive really need to withdraw their HIVE tokens (usually because of heavy financial needs) at the token's present prices, (much) more HIVE tokens are still being sold than bought. 🤔💸🤯🤓
!LOLZ
Exactly. I'm really hoping that things can be turned around, and post haste. 😁🙏💚✨🤙
!LOLZ
!WEIRD
I think that when the problem with the (very low) price of the HIVE token is solved, the problem with the high HBD to HIVE ratio would naturally get solved too. 🧘♂️🤓
!HBIT
!LOLZ
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Yes, that's true I believe. A higher price, or more adoption, or even better both. 😁🙏💚✨🤙
!LOLZ
!ZOMBIE
I wonder if we can assume that if the price of the HIVE token (rapidly) increases to 10 times as much, the HBD to HIVE debt ratio will get reduced to 10% of the current ratio. 🧘♂️💸🤯🤓
I don't know if we can assume that, but it would be a very good thing. 😁🙏💚✨🤙
!ALIVE
!BBH
!INDEED
!WEIRD