This is the chart starting from the very beginning with the previous version :)
The net result up to today is around 30M HIVE created from HBD conversion in a six years period. At the top this was around 65M more HIVE. We are still net positive from conversions.
But when we take the period for Hive only from March 2020 till today (the red line in the chart) we get this:
Starting from March 2020, the conversions are net negative for HIVE. Around 15M HIVE was removed from circulation with the help of the conversions in the period.
The idea behind HBD and the conversions is that in the long run it should burn more HIVE then create it. There will be ups and downs, but as longer the net result is negative, the impact is positive :)
I'm in a process of creating a more detailed post about the conversions and the structure behind it, where it comes from, will come up soon.
