Where can I see that the HBD demand is growing?
Is there any data for that?
The fact that you're asking this question is very troubling.
If you are making these arguments to change economic policy then you should already know and have the data presented in the original post. Instead you have no data and think we should determine our economic policy based on feelings and half-cooked theories like "printing money bad".
In fact you clearly already know where to get the data but you refuse to use it because you can't use it; the data proves your entire theory wrong. All the information @dalz puts out shows that 20% is perfectly sustainable and that inflation rates of Hive are doing great.
It's clear as daylight and I'm tired of everyone on this network being blinded by the light and parroting the same ignorant message based on feelings instead of the actual data. THE REALIZED INFLATION OF HIVE IS LESS THAN PROJECTED BECAUSE OF HBD YIELDS. 20% yields are MAKING US MONEY. WE AREN'T LOSING MONEY WE ARE MAKING MONEY. IF 20% YIELDS DID NOT EXIST HIVE WOULD OF CRASHED BACK DOWN TO 10 CENTS LIKE IT ALWAYS DOES.
Having to make these arguments over and over and over and over and over again to the same fucking people who can never defend their own position and just continue believing the bullshit without any evidence whatsoever is aggravating as shit.
However, I still believe the money could be used better way.
Again, statements like this show that you don't understand economic policy. There is not a static amount of money that can be printed. We don't have have a budget. We don't have to choose where to allocate money and where not to. If HBD yield goes away we don't suddenly have extra money to spend somewhere else.
Printing money is an investment. If we allocate these investments wisely we can continue printing money forever. 20% yields on HBD is a better allocation of resources than more than half of the projects being funded on the DHF. I guarantee it.
I also did not suggest that there's a bubble.
Yes, you absolutely did.
Is this a joke?
Are you fucking kidding me right now?
Feeding a Monster
Now, why do we, the Hive community, borrow money at such an interest? To feed a monster!
A monster wanders around, a threat that could slaughter us.
Yes, the monster gets 20% stronger each year
More bullshit:
Could you please explain why there's no payback if HBD grows by 20% per year? We can create more HBD anytime simply by converting Hive.
The burden of proof is on YOU, not me.
The inflation rate of Hive is LOWER than anticipated.
Hive is not being created because the demand to hold HBD is high.
You are trying to lower it.
Fuck around and find out.
In conclusion
It's very easy to see why so many people would believe that 20% HBD yields are unsustainable and unfair. The simple fact of the matter is that economics are complicated and this is not a popularity contest. You're all wrong, and you have absolutely no hard data to back up these claims. All the data leans in the exact opposite direction.
Now is the absolute best time to be creating debt. Creating a lot of debt is the same thing as going long. You go long when the price is low and you pay back the debt when the price is high. Buy high. Sell low.
Instead what we have are a bunch of people panicking and trying to sell the bottom like they always do. No thanks. That's not going to fly.
RE: What Does the HBD Interest Rate Bring to the Hive Community?