Hive’s base inflation being “programmatic” is like saying your house is technically clean because you made your bed while the rest is on fire. Sure, the code prints at a fixed curve, congratulations, but if the DHF can drop a supply nuke the moment a few voters get trigger-happy, then pretending the system is predictable is pure comedy.
Socrates would’ve pointed at this and said, “There, that’s exactly what I meant.” The guy literally built a philosophy around exposing people who think they understand something they clearly don’t. And here we are, with people parroting the word programmatic while the actual monetary expansion is basically a mood swing with a wallet attached.
Investors aren’t scared because Hive isn’t Bitcoin. They’re scared because the supply can balloon harder than a meme coin just because someone didn’t do the math before smashing “Support.” If your inflation rate can explode because two dudes got enthusiastic on a Tuesday, that’s not sound money. That’s amateur hour with a blockchain.
Putting a cap on DHF outflows isn’t some radical idea. It’s common sense. It’s what you do when you don’t want your economy to depend on whether the community collectively had a brain cell that day. And honestly, if Socrates were here, he’d probably ask the same thing I’m asking now: how can you talk about sound monetary policy when the biggest variable is human cluelessness?
RE: How to Reduce Hive's Inflation Problem - Our New DHF Proposal Voting Criteria, HBD APR, and a Proposed Value Plan S.O.P