Its an injustice because many of the people being funded by the DHF have not lost a single penny and have earned well, while that value has been transferred via inflation from accounts of Hive Power holders to their own. The Hive Power holders had no idea that the DHF could inflate the chain to such an extent, and had this been known, i very much doubt that as many people would have held Hive Power so religiously all this time.
I appreciate that maybe the tremendous amount of money disbursed from the DHF was not necessarily done to inflate away the positions of Hive Power holders, Im sure it was done with good intention in an attempt to build value for the ecosystem, but, the only other alternative position that is then acceptable is that we are some of the most naive people when it comes to managing a money printing economy in a professional way that protects investors and grows the value of their stakes (dont get me started on how much money has been thrown away with zero accountability and how only a very small group of people have the ability to direct inflation on this chain at this point, Value plan for example where one person can decide what they want to do with 2% of the chain's annual inflation, which is now funding rally cars and acrobats in Venezuela, a water pipeline in Venezuela that it totally corrupt, water boreholes that should be now showing local economic activity, but instead just keep printing evermore expensive boreholes... anyway the list goes on and on, almost endlessly).
HP holders are down 97% from the top, the whole time we were losing coin market cap rank while also saying that "we weren't spending enough compared to other chains". That spending has now added 60 Million Hive to the supply on top of the scheduled programmatic inflation.
Its not an injustice from the point of view that there is an aggressor and a victim, however, it is an injustice from the point of view that neither investors nor users voting for DHF funding knew that there was a scenario where 60 million Hive could be added to the supply on top of programmatic inflation by voters from the DHF.
At least more people are now aware of this issue, including, i think people at the top of the chain, and we can now work towards fixing it with the tools that are already built, or not, and if we choose not to and that inflates the chain significantly more (which is the path we are currently on) then at least it is more clear for future investors what they are getting themselves into and where the community can (and most likely will) use the DHF to transfer an unreasonable / unsustainable amount of value out to future elected DHF projects via inflation of their HP investments.
Ideally as a community we choose to change course and collectively reduce outflows from the DHF to match the of the size of the economy. This course of action will make us much more anti fragile than we would have been in the next bull market, had we not have been through this test and passed it successfully.
RE: How to Reduce Hive's Inflation Problem - Our New DHF Proposal Voting Criteria, HBD APR, and a Proposed Value Plan S.O.P