Unfortunately, the tokenomics of HIVE was shot out of the water when the witnesses raised the interest on HBD to 20%.

We currently are paying over $126,000 interest each month.

The value of HBD comes from HIVE.

126,000 converted to HIVE at $0.30 is 420,000.

A dolphin account has 5550 HIVE. We need 75 new dolphins a month to pay the interest on the debt.

The stats become worse when one realize that people convert their HBD to HIVE when the market drops.

I would expect a mass conversion of up to 5 million HBD if the price of HIVE were to drop into the low teens.

I think it's a shame that the witnesses put the platform in jeopardy simply because a few whales wanted a large passive income on the wealth that the held.

!WINE

The market cannot