I see three main weaknesses right now:
DHF – It’s a good system if used the right way, but at the moment it feels like whales are draining it for their own benefit.
Free transactions – I don’t think transactions should be completely free. RC is fine, but every transaction should also burn a little HIVE to give it real value.
Smart contracts – Whether it’s Hive Engine, VSC, or another sidechain, we need to focus more on EVM supportive smart contracts and move faster on building them.
$WINE
RC costs could be higher, to influence people to stake more hive in order to have more activity available to them.
I don't think RC can help much on this matter. Either we should implement heavy burning mechanism or something that reduce printing more HIVE/HBD.
Anyway I don't think non of these things will implement here. But they might drain HIVE/HBD until this become a sh!t coin.
$WINE
All of these things will require development, and likely hard forks - so it will be interesting to see what the long term strategies are for hive tokenomics, and if the community can conceptualise, design, and agree upon a change.
Devs and value plan on Hive get paid regardless of what the hive price does. a small group of whales vote them and they just get paid. they take money from everyone else's accounts and get paid regardless of how they perform. That is what hive has become. there is zero accountability and zero limits on spending. enjoy
I must admit, when we artificially pumped in Jan, I powered down approx 75% my stake. It was obvious the DHF among other things was going to have us back in teens even as bitcoin and other crypto's surged. It was obvious and nothing has been done. HBD gets sold and puts pressure on Hive via stabilizer. Wee still be down without DHF issues but by less. It's a mess. !ALIVE !BBH !PIZZA
The daily budget of the stabilizer is there to print hive to put buy orders under all of the selling from DHF and Value plan funded projects and people selling hive.
At the moment we are printing HIVE to fund 14,750 USD per day of spending (most of which has no KPI's or reporting, so we cant even see if it is useful spending). and we print another 12K HBD of HIVE via the stabilizer to support the selling of this spending into the market. So our annual budget is 9.75 million USD and the chains market cap is 90 Mil. Even assuming the stabilizer is profitable, this still puts our annual spend at 5.383 Million USD per year.
This means we are inflating the supply by at least 6% on top of normal inflation (of 6% or so) to keep the budgets of these projects alive, while we demand almost zero accountability in the form of KPIs.
Its safe to say that the Hive price is going much much lower from here
I misspoke on the function but yes exactly! It is indeed! And space overall is in bull run. When Bitcoin enters bear part of cycle in 2026 or 2027, we’ll see .10 cent Hive for almost certain. I love hive and community, but facts are facts! !PIZZA !BBH !ALIVE
We desperately need to put a cap on the outflows from the DHF and have projects funded based on a % of that outflow instead of just unlimited spending without cap or accountability as is currently the case
This fellow Hive member broke it down exactly right! As per our discord chat I thought u might find interesting.
