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Pile on the printing

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@belemo
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Looking at post payouts on my timeline and it really looks...rich. Lots of posts earning rewards above $100 and even the previously tiny upvotes are earning huge sums.

This is what we have when hive is at $0.7, can you imagine what it will look like when it is at $5?

Well, first of all, the amount of Hive being printed will dramatically reduce, while HBD printing rises. The problem with regulating HBD from skyrocketing based on demand will now be a serious issue.

I've noticed that people are still split on this hbd issue. Some people want it to remain at $1 no matter what, while others want the market to decide the value.

Personally, I'd be happy if it were a stable coin because of the benefits of having a stable coin. Well technically, the blockchain identifies it as a stable coin but in the market, it is quite different.

In the event of Hive pumping to values above $1, the amount of Hive being printed will reduce to accommodate the amount of HBD from post payout. However, in the process, upvote value and post payouts will rise dramatically.

This will create an interesting dynamics for content creators and when word travels, it will also attract more people to the platform.

The allure of earning a shit ton of money from upvotes sounds like a jolly good deal to me and I'm pretty sure more people are going to be jumping into the mix real soon.