Where are all those who said 20% interest was sustainable now? disappeared..
Just a simple back of envelope calculation, if coingecko has marketcap as $34M and there are $33.4M HBD in circulation.. what "debt ratio" is hbdstats tracking?! LOOL
Even if you use just the $10.3M HBD stated by hbdstats 10.3 / 34 = 30%
I think that Coingecko also totalizes what is in DHF and the dept ratio doesn't take that into account. But I agree that it's quite difficult to understand what is and what is not taken into account...
yes, coingecko takes the undiluted Hive into their calculation that Hive and HBDstats do not, i think it makes only a 1,5% difference overall.
I saw HBDStats was updated 3 months ago to remove the DAO HBD from the market cap calculation, so this has improved the ratio to be more accurate!
(DAO HBD is removed from the total pie, but DAO HIVE remains).
Virtual Supply: 523M (Total HIVE) + 169.2M (Relevant Debt) = 692.2 Million Virtual HIVE
The Ratio: 169.2M Debt / 692.2M Virtual Supply
Current hbdstats.com Debt Ratio: 24.4%