This is the theory, in practice the HBD businesses are all converting HDB to Hive and then to fiat but it may be different one day.
Have you run the numbers on that?
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This is the theory, in practice the HBD businesses are all converting HDB to Hive and then to fiat but it may be different one day.
Have you run the numbers on that?
By observation but if you have numbers it would be awesome if you share with us. From the 60 or 70 business right now in hive accepting HBD, how much of them are sending money to exchanges and how much are keeping the HBD. I'm not criticizing, they have to pay for what they sell to suppliers.
The 51 businesses on my list are collectively holding 1,998.512 HBD + 9.8 in savings. That's about 9 times the weekly average value transferred (based on 13 week MA). It will take a much more complex query* to compare overall flows, ie. how much is sold each week, how much is kept in business accounts, how much cycles back into local Sucre HBD economy.
Edit: A better comparison is that it represents more than the last 7 weeks in transfer value summed.
*It would have to not just track transfers but also market orders, savings etc.
So it means that those 51 are holding 9x more than transferring, right?
My idea by observation was not that but I believe more in your numbers, that's great! 👍
Rather, they are holding 9 average weeks worth of transfers in HBD.