Short answer = conversions. But let’s look at some details.
As per the latest report on Hive inflation, it has been running hot for a third month in a row. The yearly Hive inflation for 2024 is projected around 6%, while we are now on the way to reach 10%. The monthly projected inflation is set at 0.5% and we are above 1% for the last three months, with August almost close to 1.5%. Double and almost triple on a monthly basis.
When we look at the structure of the new HIVE put in circulation for August 2024, we got this:
Short answer what is causing the additional inflation = conversions. This is not new, conversions are the thing that is the most variable in the Hive inflation.
Ok, but who is making these conversions. Here is the list:
Accounts that converted 1000 HBD to HIVE and more in August 2024.
1.1M HBD to HIVE, creating 5.9M HIVE in the process. For reference the regular monthly HIVE inflation is around 2M.Obviously the @hbdstabilizer is dominating this chart. It has converted
But why does the stabilizer convert so much HBD to HIVE?
To support the price of HBD.
When it receives the HBD from the DHF it converts it to HIVE and then buys HBD on the internal market with that HIVE. Then it sends back the HBD to the DHF. As the price of HIVE drops it needs more HIVE to support HBD.
The stabilizer receives HBD from the DHF, 12k per day, or 360k per month. Additionally it receives beneficiaries rewards from the @hbd.funder account on comments voted by some of the top holders. For August these rewards were around 260k HIVE equivalent.
Now the next question will be who is selling HBD?
Here is the chart:
@keychain.swap on the top here. It’s a service from keychain for HBD swaps. So, this is a combination from a lot of users. @konvik-hbd is a trading bot on the internal dex buying and selling. Sort of LP. Then comes @newilluminati and @orinoco that is an exchange service.
Obviously, there are no significant big trades here, it’s mostly regular users with the top one doing something like 10k to 20k per month.
On the HBD creation side, author and interest rewards are around 100k HBD each, while the DHF payouts are 234k. So DHF payouts are the main way how HBD is entering circulation these days.
In Summary:
Should we reduce the stabilizer funding? Maybe cut it all for the time being. The cons of this would be more volatile HBD price. Can’t really tell. Even if we cut all the funding for the stabilizer the users always have the option the convert HBD to HIVE themselves. Maybe reduce the stabilizer funding in half?
The ultimate backstop for this cycle is the haircut rule and HBD devaluation. If the market turns around in the meanwhile that will help a lot as well.The drop in price of HIVE is leading to more HIVE being created to support HBD. The @hbdstabilizer that is sort of LP for HBD is using a lot more HIVE to support HBD.
Any thoughts?
The stabilizer isn't the problem. Removing it doesn't really do anything but cause a rush out of HBD via the internal conversion mechanism and amplifying the downward pressure on HIVE.
Not to mention this would break some projects that rely on a stable HBD.
We are spending too much on proposals. Everything else cuts back automatically in a bear market. The proposal funding on the other hand is going on as if we were still in a bull market.
Agree, mostly.
But it's also possible that we could continue to spend as much on proposals and sooner or later we exit the bear market anyway.
But from a mechanical point of view in terms of tokenomics (anyone else remember that word?), your analysis and the one in the parent reply are correct.
Agree too.
For sure there is no one right answer. Having stable HBD is important. Having HIVE that has a decent price is even more important. I personaly dont want to mingle a lot and change things all the time. So we might left things as they are and see what happens and how it plays out.
One thing for sure is that if hivers were not selling and buying more in this period, that would be great :)
I wonder what would happen if we converted all these products we're able to create nonstop into, income, like the rest of the world does.
Hmmm
I saw a stadium one time. It was full of people and they all paid money just to sit in chair for a couple hours while enjoying what they were looking at.
Didn't even have to be on the field, yet they still wore the uniforms representing their team. Uniforms they also purchased. Most of them looked like they couldn't even run, yet they were having a great time watching people run.
It was awesome. We should try that. I think it would work better than telling the baseball players to pay for the seats and uniforms. And trying to eat all those hotdogs themselves might slow their performance on the field nobody came to look at. And I don't think they'd make much money if everything they earned went right back into purchasing everything they earned.
I think the only change required would be the team actually seeing value in their products. That shouldn't be hard.
Hahaha This one cracked me up 😁
Overall I feel like everyone is here for the $$. Ofcourse it's very normal, we want and need $$. But at least build useful tools for the outseide world of Hive.
Small example:
Build a freaking Forum...create a Wordpress plugin or any other CMS, promote the Forum at Hosting Providers, have it as an add-on on any hosting providers....
Just...don't be stuck only on Hive...freaking connect outside of Hive
Arts, entertainment, information. People pay for these things nowadays. Content is a product. Notice the lack of actual consumers around here? That's us leaving all those seats empty. Yet here they can buy that ticket, support the game, still have their money, and watch it slowly grow. It's genius.
And when you have more fans than baseball players, all those other shops in the stadium thrive as well.
Exactly, it is very normal to pay for tickets, food and drinks. There are so many empty seats it's crazy. Selling seats one by one will take for ever, best way to sell seats is having a good usefull Tool people can use and then market that.
Hive has so so much potential, but all these dapps and games are stuck here on Hive and rely only on Hive community.
If Splinterlands would have sold tickets only on Hive, there would be no Splinterlands now.
Sure. But each content creator attracting outside interest can be its own ballpark. Now you have a league. HP is support. HBD handles the merch. Global market. Enough fans at your ballpark and one can line up their own sponsorship deals.
Man. If only people actually wanted to play ball here. Could be a lot of fun...
It's definitely the alien monkeys conducting legal conversions of bananas into hive to fund their burgeoning anal probe business.
Well, you're the anal probe expert so, I should probably listen to your advice.
I'm coming from a place of respect though. I seriously want to see some cool shit happen here. Having trouble taking my eyes off it.
I'm coming from a lighter shade of grey where it's better i stick too keeping it light because to many knickers are getting ruffled.
The whole doom and gloom is not conducive of a healthy mental state.
I get carried away sometimes. Can go pretty heavy on the light. I agree though. Your doom and gloom comment alone was a little too serious for me. I hope I can recover.
How much longer until people begin to realize that HBD is not a stablecoin, nor ever has been? It is an algorithmically-altered derivative token. It has no demand in any blockchain ecosystem outside of Hive ($HIVE can at least be swapped over to something else via LeoDEX).
CDPs fail, because they fail to understand what Loan-to-Value actually means.
In fiat finance, you are forced to put up collateral to obtain credit. That collateral usually needs to have a stable store-of-value.
$HIVE is not stable, therefore, the value of the collateral is constantly changing based on minute-by-minute market changes...
What I'm trying to say in kinder words, is that $HBD is not a stablecoin, it's broken, and the underlying collateral is the problem. If you build a house of cards on top of an unstable foundation, you get instability, devaluation, and chronic underperformance.
Your collateral never actually increases in value, it's all purely digits on a screen.
DHF should be investing the Hive Community's money in businesses that produce revenue that lead to value accrual to the investors (Hive). Without that, there's no changing the trajectory.
Hive has been live on mainnet for nearly 4.5 years now. Show me where the adoption is by merchants in the West. Show me where the adoption is by merchants in Europe. Show me where the everyday Joe actually uses $HBD or $HIVE for anything.
Show me where the BUY Pressure is on the $HIVE token. Show me where the lack of marketing DApps hurts the least. Show me where there is any justification whatsoever in allowing a closed-source implementation of code for HBDStabilizer.
If you haven't noticed, CDPs are dying one by one. $USK on Kujira was the latest.
I care about Hive technology, I think it is incredibly value to the world and needs to be used by more people. But I can't get behind the plundering of the Community to benefit those who control the DHF and their buddies.
Oligarchy always destroys itself, sooner or later, there won't be any new users to extract value from, and then what?
I'm sorry, but I just don't see how Hive technology achieves mass adoption
Will you define cdp?
I didn't see one.
Consumers.
Are you accounting for the immediate HIVE->HBD conversions that happen when the stabilizer sends HIVE back to DHF?
The reason I ask is that what happens a lot is that the stabilier will convert HBD to HIVE because HBD is slightly below the 1.00 peg target, but by the time the conversion completes it will be back to the peg and the stabilizer will send the HIVE back to DHF, resulting in a reverse conversion that appoximately nets out the first one.
Also, I don't think cutting the stabilizer funding is a good idea. If users convert HBD, they keep any profit from discount to the average conversion rate, but of the stabilizer does the conversion, it keeps the profit, and returns it to DHF (in the short run this functions like a burn).
If the problem is HBD being below peg too much, that indicates an excess of HBD being sold by users, and we should look for ways to reduce the amount that is being distributed into circulation by post rewards, DHF proposals, and HBD interest (it's not immediately clear which of these are contributing the most to selling pressure). Obviously that is painful, but if we're seeing that the market can't support it, tough decisions should be made.
I'm accounting when I look at the overall HIVE supply. https://peakd.com/hive/@dalz/hive-inflation-for-august-2024-or-running-hot-for-a-third-month-in-a-row
For august its about 2.2M HIVE or around 400k HBD. In the chart above I have only the conversions for HBD to HIVE.
Maybe increase the buying spread? Like buy when HBD is at 0.95. Basicly take a fee, increase the profit for the stabilizer.
Take a look at the previous bear market and the period 2019, 2020. A lot less HBD/SBD was created becouse it was only the authors rewards and we have burned trough exsess HBD/SBD a lot with conversions. When compared to 2023, 2024, we now have more ways to create HDB, with the DHF clearly dominant in the last three years. On the burning side the stabilizer has taken over from users conversions. Overall we are removing HBD much slower now then in 2019, 2020, becouse instead of 1M new HBD per year we are putting in 5M HBD per year.
P.S. On a bit controversial topic. I think its time to put a burning proposal in the DHF and burn some funds. We are basicly using a premine to fund development. The spending is uproportional to the market cap of HIVE. The regular HIVE inflation in the DHF these days is around 60k per month (aditional revenuse excluded), and we are spending on average 300k HBD per month from the DHF.
That wouldn't directly change the amount we are spending unless we burn the entire DHF. If we cut the DHF budget by 50% spending would continue at the same rate until it's depleted. We'd have to nuke the entire DHF to have an affect (plus kill a lot of development on Hive). We need to be much more selective of what DHF proposals get approved and what value it brings to the ecosystem. I can already name a few that I feel are justified, but others not.
Hive needs to come up with a clear plan for the future that actually increases the price of Hive in exchange for money from the DHF or other sources.
We all have that within our hands, most directly by voting for the return proposal. The more votes that go to return, the tighter the consensus needs to be among stakeholders on each individual proposal to make the cut.
That would make a lot of sense. The DHF doesn't contain real value, everything that is distributed through DHF is diluting the value of the tokens in circulation. In the long runm this can only have a negative influence on token prices. In addition every investor that is doing his due diligence will see that and refrain from investing into such a project.
Hard to see how this does anything but encourage other users to buy and convert, taking the profit for themselves (and potentially increase HBD volatility)
Interesting... I didn't know that.
Ahahahahaha
Where’s the “author’s guild” and them blaming the small fish for selling?
EXACTLY. I will be saving this article for every time that LIE comes up again ... now we KNOW that blaming content creators and messing with rewards is not a solution ... just a projection.
Best comment LOL
Exactly my thoughts! 😅
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Well, finally we can put to bed the SLANDER that content creators are the PROBLEM with Hive's price ... all the slander about "milkers" and "takers" ... no, it is Hive's own internal needs in a long bear market that is largely producing the inflation.
Destabilizing a stable coin is not a good idea in the wake of projects that have done that ... that's a reputational risk it is hard to recover from, and we must consider the needs of #cryptoadopcion in Sucre State, Venezuela. Too many things depend on Hive keeping HBD stable if we want to see Hive adopted in the world. I need Hive's decision-makers to zoom out, understand that the time for all coins not Bitcoin is coming, and not throw all the work that was done IN SPITE OF this bear market, all the work that will set us up well when good times come, away.
@omarcitorojas y @hivesucre ... Lea este artículo sobre la inflación de Hive y mi comentario, en cursiva. Durante mucho tiempo, voces poderosas han estado diciendo que es culpa de los pequeños creadores de contenido que el precio de Hive sea bajo, pero ahora vemos que esto no es cierto: vemos que el precio ha bajado en parte porque HBD se mantiene estable. Su comunidad tiene un profundo interés en esto, por eso les estoy informando para que puedan hacer oír su voz en este asunto.
Bueno, finalmente podemos dejar de lado las calumnias de que los creadores de contenido son el PROBLEMA con el precio de Hive... todas las calumnias sobre los "ordeñadores" y los "tomadores"... no, son las propias necesidades internas de Hive en un largo mercado bajista las que está produciendo en gran medida la inflación.
Desestabilizar una moneda estable no es una buena idea a raíz de proyectos que lo han hecho... ese es un riesgo para la reputación del que es difícil recuperarse, y debemos considerar las necesidades de #criptoadopción en el estado Sucre, Venezuela. Demasiadas cosas dependen de que Hive mantenga HBD estable si queremos que Hive sea adoptado en el mundo. Necesito que los tomadores de decisiones de Hive se alejen, comprendan que se acerca el momento de todas las monedas, no de Bitcoin, y no desechen todo el trabajo que se hizo A PESAR de este mercado bajista, todo el trabajo que nos preparará bien cuando lleguen los buenos tiempos. desprenderse.
I particularly like the price of HBD being stable regardless of the increase in inflation. Having HBD not pegget to 1$ is useless.Interesting research as always @dalz ! Maybe it would be nice to have the opinion of @smooth about this.
The best action for Hivers now is basicly stop selling and start buying :)
It feels risky and thrilling as hell to buy something with an infinite inflation . But then I remember I did that already
I replied at the top level as well as a few other comments in the tree. You may be interested to read those.
Thank you for tagging me. I read your comments and I really think you are right. However this point from @dalz :
Is worth considering that we are overspending by A LOT in DHF proposals. It all will get solved if the bear market ends soon, but at this point if 2025 doesn't bring a bull market we'll be at a very bad position.
Would like to know your overall thoughts on Hive. I've always considered that you are one of the people that knows better the tokenomics of Hive/HBD and you have been around from the first days of 2016 (probably a dev from the first days). Can you give feedback about your opinion on the future of Hive? Thanks.
At least the good thing is that there is a limit to how much Hive can be inflated due to the HBD dynamic. At least that is what I understand so a total death spiral is not really on the table from one moment to another. In the end, what it all comes down to is that Hive requires growth in users (and buyers) for the price to hold up. The moment this is not the case things get in a downward spiral which we are in right now.
I just calculated the real debt limit today and it is around 45%, so only kicks in when Hive has collapsed nearly 70% more from here.. possibly it might not even kick in properly because the debt which has grown the last years is included in the marketcap calculation for some reason.
Very good insight into the raise of Hive inflation, but the question remains on how we can help it retrace to the projected levels. Just expecting the Hive price to increase I don't think is a good mechanics to the blockchain, so we need a different way to handle such irregularities. But I am not sure how...
There is curently around 11M HBD in circulation ... you cant revert that ... even if we stop all HBD printing that 11M stays ... the best action for all Hivers now would be to stop selling and start buying ...
Can't revert it, but we can control how much more goes into circulation.
I'd say raising awarness of this three underrated features of Hive ecosystem would help a lot:
If users traded and converted, HBD Stabilizer would not be necessary to keep the price pegged, even though it would likely increase volatility.
Making a few dollars a week this way is hardly interesting for many of us, yet it's an opportunity for people from less fortunate countries, who otherwise struggle with creating posts with significant rewards.
If the @hbdstabilizer is not helping, then why not stop that ? And will it help, if it distributes those HIVE to new users ?
It is helping, HBD is quite stable around dollar...
Thanks for the overview Dalz. So the DHF is more than 50% of the inflation already. It seems way out of sync that it has such a proportion of the issuance. No wonder inflation is over 18% annualised.
DHF is over 50% for HBD creation... for overall HIVE is less
The combined rewards Author/Creations =~200k in hbd 46% Vs 234k dhf =54%. This isn't sustainable and also the incentive/message it sends to HP holders too.
Author HBD rewards and HBD interest for August are around 200k HBD.
Next you have inflation in HP...curation rewards paid in HP around 1M, then authors rewards paid in HP around 550k HP, staking rewards paid in HParound 500k, witness rewards 300k HP.
OK, so basically the way I read your figures are that HP holders (ignoring witness earnings as they are small and fundamental to the chain) earnings are being diluted by 50% due to DHF and HBD interest, mostly the DHF. Or put another way as you cant pay money to yourself, HP holders have a $335k running expense diluting their holdings.
Yes, but you need to add witness and staking rewards to get the whole picture
So because @hbdstabilizer is converting so much HBD to Hive, it puts downward pressure on Hive itselves?
Even though everyday users can ofc use that function aswell.
Your posts are always helpful and interesting...I didn't think HBD conversion affected so much.
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Thanks for this research. To be honest, I thought more people were doing big conversions nowadays from HBD to HIVE. It's good to see the list is rather short. On reducing the HBD stabilizer funding... it's a tough one. I know I wouldn't have an issue with a HBD more depegged than currently for a while until alts reverse course, but others probably would. Probably significant HBD holders made their investments starting from the assumption that as long as the debt ratio isn't reached, HBD will be relatively well pegged to $1, and if it drops it soon goes back up, which is where the stabilizer does its job. The huge amount of additional minted HIVE to support the peg at these prices, however, compared to average HIVE inflation is kind of worrying.
Firstly, thanks for sharing these charts and numbers...
Secondly, debt is a debt, and sooner or later someone has to pay it... In our case, if it wasn't obvious to people, HBD is BACKED UP by HIVE! This means that HIVE pays the price of HBD debt...
I see nothing unexpected from what is happening... 20% APR on HBD is 20% additional inflation on the HBD+HIVE combo... there is a time when most of that goes to HBD, there is a time when it spills over to HIVE (like now)...
I think that we didn't have conversions in BOTH ways while we were on STEEM, probably on purpose... to protect the BASE token (STEEM), and not the stable token... Atm, we are doing it another way around...
So in some way, everything works as planned... For those who hold HBD...
Just my 2c.
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We added the conversion from HIVE to HBD to put a ceiling on the price of HBD. You mean not having the conversion would stop printing more HBD and have less debt? I assume this is what you mean.
We saw what happened when SBD went up in price to like $7 and that created way more inflation than what we have here.
Because the chain assumes HBD is $1, it rewards the authors based on that. So if HBD was $10 in real life, that would mean the debt is 10 times higher than what blockchain assumes it to be and it keeps printing more HBD and the debt goes way above the haircut rule and when the haircut rule finally gets activated or the price of HBD drops to $1, the chain has to pay 10 times more debt than it would have originally paid.
So in a nutshell the added conversion is a protection against this which we already saw happen years ago on steem and sbd.
Doesn't conversion always consider HBD to be worth precisely $1? If you buy HBD for less and convert it, you earn; if you buy it for more and convert it, you lose.
Converting 1 HBD worth 10$ would still give you like 5.5 Hive at current price, not 55 Hive. Or am I missing something?
If I am right, then the market price of HBD does not affect the emission of Hive much, it's the Hive price what matters.
Yes conversion always uses a value of $1 (except in the haircut condition when it uses a lower value).
Thanks :)
I guess I was wrong. Or at least my reasoning was wrong.
Me having an assumption and being wrong is acceptable, but blockchain having an assumption of the value of something could be an issue...
So, reading what you said, it looks like the main issue was that "the chain assumes HBD is $1", and if it wasn't set up like that, we wouldn't have the problem with high inflation. HBD wouldn't be pegged to $1, but we wouldn't have high additional inflation?
and another question, as you are one of the OG on the chain, and much more informed than many others... How we could solve this problem and what is the main cause of it, in your opinion?
Btw, thanks for the explanation... Appreciated!
I think I was wrong to why it was bad and about the reasoning around it. As I think now and it doesn't seem right.
I don't think there is a problem really. We have the haircut rule just because of this. To prevent debt from going too high. Although we did increase it from 10% to 30%.
All the problems we have right now are linked to us not having enough users. Almost everything gets better when we get more users. We have no use case for our tokens and the only use case that we have which is social media and blogging, we don't invest on it.
20% is now 15%
When things go wrong you have to save. Reducing the increase in debt is the short-term solution. Hive spends too much on maintenance investments rather than growth investments. We need better decisions in DHF payout, that's not free money! It is not acceptable that a few take so much while giving back very little NEW value.
Wait, isn't this bad? The stabilizer is kind of working against itself here. It converts HBD to Hive to keep HBD at peg, but by creating more Hive it is increasing the inflation and contributing to the lowering of Hive's value, which then makes it convert even more HBD. This is like a bad snowball effect, or flywheel then.
Is a bull run the only way we can fix this? Did lowering the HBD APR made things worse? The stabilizer converted 1.1M, but users converted 2.9M. I have seen a lot of posts/comments say they started converting more after the APR was lowered. Would returning the APR back to 20 percent help stop the bleeding?
Lowering the HIVE value doesn't cause any more conversions. Only lowering the HBD market value below $1 causes conversions. In the short run less selling (or more buying) of HBD would put a stop to conversions. But then again with less selling and more buying of HIVE we might not care at all because the HIVE price would be going up and not down. So it is hard to say which selling is more of a problem, but either way putting more of our tokens into circulation than people want is not good for the prices.
It doesn't? If I understand it correctly HBD is backed by Hive, thus the name. So if the Hive value gets lower, then the stabilizer will be forced to convert, which is what is happening now.
But the opposite is happening right now. People are not buying, and a lot of accounts are converting/creating more Hive which makes things worse.
The stabilizer only considers the HBD price (<$1 or >$1.05) in deciding whether to convert, not the HIVE price.
Interesting, TIL. And what makes the HBD price move?
Buying and selling of it through the various exchanges and pools.
Ok, thanks.
Just close the HBD stabilizer project and then everything will be fine.
No problem we might have some limited and temporary down spike like the early st*mt day, then it will recover again. The good standing of a debt instrument like HBD comes at the cost of Hive. So set HBD free to the market without having any internal effort to stabilize it. I am not an economist, but this is what I feel.
Thank you.
Won't help. If HBD drops below $1 then other people will do conversions. In fact that would make matters worse because at least with the stabilizer doing it, any profit from the conversion goes back to DHF and out of circulation (short term, unless stakeholders take the higher DHF balance as a reason to spend even more on proposals).
Without HBD maintaining a stable price, how can we position it as a go-to stablecoin? Many stores have already begun accepting HBD as their preferred stablecoin. This presents a significant marketing opportunity for Hive, especially with the promotion of "HBD accepted here." Additionally, the fact that these HBDs are not staked enhances liquidity. As usage grows, so will the strength of the economy.
HBD conversion is to blame for the inflation of HIVE. Sadly it happened a lot. Hive is under extra pressure to keep HBD prices stable.
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I sold some HBD because the 20% APR went to 15% including the running month of change.
But that is not related ...
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So I guess it actually needs to be maintained at a very early stage
I’m sorry to ask this question
You said the price of Hive is dropping because of more Hive created but how is that done?
How is Hive created?
If we offer a good markup on stacking Hives. Is this a good strategy for increasing price of Hive?
I think having HBD within a fixed price is a good thing to minimise risks
Holy shit I made the list!!!!
…I’ve been converting to power up…is this damaging to Hive overall? If so I will slow it down!
I don't want to point fingers, after all, who am I to do that at Hive? But there are some proposals that could do their jobs for much less, and we're creating wealth with small projects.
Decreasing the interest rate of HBD might lead HBD to HIVE conversion. At least, I will do some and power up!
First question is: does investor on crypto market act rational...?
If yes, then inflation should have great impact, but if not it can have only a little influence.
I think inflation is only one of the reason why Hive is going down more then it should in actual situation on the market. The most important is a good and well thought out multi-year marketing campaign which we don't have.
I think we should prepare strategy, that would show our blockchain as a focused on community web. Which means a network where people care about the common good (for example by burning tokens, stacking at least 50%of their profits etc) while also gaining individually (taking some of the profit to make our life's better, most desirable inside network - spending HBD to buy from each other goods and services).
It may be possible to limit the number of conversions per account per month
Congratulations @dalz! Your post has been a top performer on the Hive blockchain and you have been rewarded with this rare badge
<table><tr><td><img src="https://images.hive.blog/60x60/https://hivebuzz.me/badges/toppayoutday.png" /><td>Post with the highest payout of the day. <p dir="auto"><sub><em>You can view your badges on <a href="https://hivebuzz.me/@dalz" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">your board and compare yourself to others in the <a href="https://hivebuzz.me/ranking" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Ranking<br /> <sub><em>If you no longer want to receive notifications, reply to this comment with the word <code>STOP <p dir="auto"><strong>Check out our last posts: <table><tr><td><a href="/hive-106258/@hivebuzz/hivefest-2024-badge"><img src="https://images.hive.blog/64x128/https://files.peakd.com/file/peakd-hive/hivebuzz/48VEtcvs7eskeM4UMnbMF7M6zWzjp7R3P5s1cmYTXV6ZFuVmrWL16CfUuVt1JcmRox.png" /><td><a href="/hive-106258/@hivebuzz/hivefest-2024-badge">The countdown to HiveFest⁹ is one week away - Join us and get your exclusive badge!<tr><td><a href="/hive-122221/@hivebuzz/pum-202408-delegations"><img src="https://images.hive.blog/64x128/https://i.imgur.com/fg8QnBc.png" /><td><a href="/hive-122221/@hivebuzz/pum-202408-delegations">Our Hive Power Delegations to the August PUM Winners<tr><td><a href="/hive-122221/@hivebuzz/pud-202409-feedback"><img src="https://images.hive.blog/64x128/https://i.imgur.com/zHjYI1k.jpg" /><td><a href="/hive-122221/@hivebuzz/pud-202409-feedback">Feedback from the September Hive Power Up DayI'm a crypto noob and really not interested in the money side. So, as an ignorant I am, what we simple users can do in our own to help Hive value going up? Could we change our behaviour here in some way that could bring Hive up?
The better the content you share and upvote, and the higher the quality of the interactions you have, the more value you will add to the chain. It’s an evolving social network with large communities and services emerging all the time. Hive is interesting to join and be part of, especially because of these factors. Get involved.
To be honest, I'm quite happy with how HBD is maintaining its peg right now. It may not be perfect, but it's certainly better than it was years ago. I appreciate the stability it offers. Although I don’t hold HBD since I convert it all to Hive, I do like converting my Hive to HBD when the price of Hive becomes favorable. For me, keep the HBD stabilizer as it is. I’d be more concerned if HBD became too volatile that it wouldn't make sense holding it in the future. Thanks for sharing this data.