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avatar of @gandhibaba
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@gandhibaba
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2 min read

To start, that is not entirely accurate. Yes you are looking at the powered up numbers but the liquid supply is actually lower. The Hive in the DAO proposal system is not considered "powered up" yet is not truly liquid either.

This is a good observation that I admittedly omitted. However, don't you think that it is not too good to have almost the same amount of Hive in the DAO as the powered up number? 37% is not too far from one-third. At any rate, I get the points that you're trying to make.

Leo did not explode in price because of the 4 week power down time. It exploded because of GROWTH. That is what Hive is lacking. Everyone wants to play games with the power down, the inflation, the this and the that instead of focusing upon basic growth principles.

Again, this is true. We cannot honestly tie the growth of LEO to the power down time. Yet, I don't think that we should ignore the fact that an average investor like myself and several others would likely power up LEO than I would Hive because of the 3 times shorter unstaking time. In a world of yield farming and liquidity provision, we can't continue to run with a system that was developed over 4 years ahead.

If the active user base was growth at 50% per year, Hive would be mooning. Instead it is flat but that will soon change in a few months.

This is absolutely 💯 true. Growth will push price up to a very large extent. Let's growth and also work on our tokenomics. Thanks for stopping by, much respect.

Posted Using LeoFinance Beta