You’re basically arguing “because it’s complicated, measurement is pointless.” That’s backwards.
Yes:
DHF is denominated in HBD.
Conversions make realized supply sensitive to price.
Supply outcomes depend on actor behavior, not just the emission curve.
That is precisely why “scheduled inflation” is not enough — and why measuring realized supply effects matters.
On “those funds were always supposed to return”: that’s an intent story. Protocol reality is timing + control. Conversions aren’t automatic; they’re initiated, and their timing changes supply outcomes.
On “dead blockchain schedule”: we’re not worshipping a dead chain. We show Hive’s programmed baseline vs realized outcomes once you include DHF + conversions. That gap is the point.
On “misrepresents individuals’ influence”: if the numbers feel uncomfortable, that’s not misrepresentation — it’s what stake-weighted governance actually means. If you think the model is wrong, attack the specific rule. If you just don’t like what the accounting reveals, that’s not a methodology critique.
RE: Who Is Printing Hive, Who Is Getting Paid, and How Much?