RE: LeoThread 2024-11-02 11:20
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As other mentioned, it is Hive way of solving spam using a free Tx model instead of having gas fees which is variable. I like the system as basically having stake does guarantee access to writing TX to the chain in the future without cost.
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Very well said ....
Do we pay (gas fees) indirectly through the inflation of the Token?
I don't know for sure, I guess you could calculate that. The inflation on hive is slowly dropping, I believe it is under 7% now which in 2024 doesn't seem like a crazy amount anymore. I think the supply might actually not be much if we manage to get millions of user onboarded. Also doing calculation you have to consider that holding Hive Power(HP) is rewarded with each block produce and you can get around 3% on it reducing you inflation cost.
Inflation is needed anyway to stimulate growth but it will probably be better when it goes down to like 2-4% as a normal economy should be.
Other tokens with Gas fees have inflation also and you might not have ways to earn the tokens without capital which hive does offer that opportunity.
Learn quite a lot from a single comment response.
So upvoting with HP and the passive 3% should turn your HP into profit (if value remains constant)
I did a bit more research, projected inflation should have been 6,10% for 2024 but ended up being higher. Found an article from someone doing the maths: https://inleo.io/@dalz/available-hive-supply-what-is-it-inflating-faster-than-the-regular-supply-sjhvmz
I didn't know the value of this project was around 70 million dollars 🤯
409 million Hives converted with the current $HIVE value.
I thought I was in some start up. Thanks for this data, it really put things into proper perspective for me.
This doesn't even take HBDs and the second layer tokens values into account?
#askleo #inleo
No I believe HBD is part of the virtual supply of Hive. Yes is it a project just under the 100M mark, hopefully it will grow.
Second layer are independant SPS(splinterlands) for example has a 4M in market cap, used to be event bigger, you will see it is an interesting ecosystem to study in my opinion. I am sure we will see interesting new projects that need a blockchain develop on Hive, it does have some competitive advance, just missing a bigger community and MAU users.
Splinterlands? I would go check that out later today. Is that also a front end to hive and is inleo the biggest second layer token in terms of market cap?
Good morning to you friend.
But Yes you should be able to profit if being active and efficient on curation, At the moment I make around 8-9% on HP curation. My bet is that in 5 years inflation will be lower and your stake should grow faster by it self. I am working on a hive projection calculator at https://hivekpi.com/ still a lot I can improve but you can use it to estimate the compound interest on HP if you don't sell those rewards of course.
Great, I'm gonna check it out now.