It was brought to my attention that some witnesses are intentionally sending price feeds that are inflated by 25% (possible to cut the loop on HBD conversion and lead to swift default?)
I have withdrawn my witness votes from all witnesses passing stale or inflated data. I agree that HIVE inflation from HBD conversions is a problem, but messing with the price feeds is not the answer. It just leads to a swift decline in any remaining credibility that Hive has within the broader crypto ecosystem.
Instead of messing with the price feeds, witnesses should be cutting their HBD interest rates, and voting for the DHF blocker proposal.
As a longer term economic solution, we need to cut the debt limit to 20% and set an automatic DHF burn so that HBD in the DHF can never exceed 50% of the total HBD outside the DHF.
