RE: Cent/Sps Liquidity Pool and LP Reward Distribution Active

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Meanwhile, the SWAP.HBD market appears just like most token markets on #HiveEngine, except that the chart became much less stable starting on May 5 this year up to present !INDEED. 🤯😅

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cent hive-engine neoxian pob defi sps splinterlands spt dec leofinance
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Things have been getting progressively more challenging since the beginning of the year, and yep, even HBD/SWAPHBD has been affected too. 😁🙏💚✨🤙

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I wonder about what the benefits and drawbacks are in the scenario that someone buys a million dollars worth of HBD from a (centralized) exchange then puts them all in HBD Savings. 💸🤯😅

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(Edited)

Well, if they're actually able to buy that much, and if HBD doesn't lose peg with the US dollar, then I'd say that it would go quite well. Just look at the @lazy-panda account. 😁🙏💚✨🤙

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I'm thinking that even if HIVE is not burned by being converted to HBD, the resulting interest from HBD Savings makes the HBD debt ratio get closer to 30%. 🤯

It looks like a million HBD as my example does not seem big enough! 😆

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Indeed, and it keeps getting closer. It crossed 26% a few days ago, though thankfully it dropped back to 25% soon afterward, for the moment at least.

Indeed, that account's HBD in Savings is ridiculous, and surpasses all other accounts by a huge margin. 😁🙏💚✨🤙

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(Edited)

Converting HBD to HIVE would be good to reduce the HBD debt ratio, but buying HIVE itself (and not converting them to HBD) would be better. 🤓

I wonder what it would do though if HBD Savings interest gets reduced further (down to 0%). 🤯😅

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Well, for the current price, there's too much HBD (which is HIVE debt) and HIVE, so burning both would be best of all under the current conditions.

Good question. My guess is that it would not make any changes. That account as actually added more HBD to savings, even with how things are now. 😁🙏💚✨🤙

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Here is a summary of the main points of my previous comment as well as your comment there: 🤓

  • converting HBD to HIVE = good
  • buying HIVE without converting to HBD = better
  • burning HIVE and/or HBD = even better

I don't think that many Hive account owners would do the first two, let alone the last one where they will actually lose tokens. 💸🤯😅

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Yes, that's a reasonable assessment.

Of all those, the first one is way more common, especially now. HBD in Savings keeps going down each month, as people withdraw their HBD to either sell, or to swap/convert to HIVE to power up. I almost did that once. I'd never do the third one either, partly because I don't think that it's fair for me to sacrifice because of a horribly-managed Hive economy and an unsustainable economic model. 😁🙏💚✨🤙

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Removing HBD from Savings would help reduce HBD "inflation" which currently is 12% per year compounded at least 30 days. 🤓

A Hive Whale burning 1% of their HIVE/HBD tokens (which would already be worth hundreds or even thousands of active Hive Redfish and Hive Minnow accounts) would barely do anything though. 🤔 If they publish a post about such burning, they might get back more or less what they burnt in the first place from author rewards. 🤯

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True, and again, me sacrificing because of a poor economic model, and poor management, does not at all seem fair to me.

The current system does not work, that is glaringly obvious. 😁🙏💚✨🤙

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No one here on Hive should indeed be pressured to burn their Hive-based tokens (or their post/comment rewards). 🧘‍♂️

It's hard to predict how Hive would be after 5 years. 🤯

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Exactly, the system should be sustainable and resilient, so that the current measures wouldn't be necessary.

If significant things on Hive are not changed soon, then the price will continue to decline to a point where it's not economically feasible for witnesses to run nodes any longer, so I'd say that it will either be thriving, or gone. 😁🙏💚✨🤙

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I just imagined a "change" where the null Hive "account" performs some outgoing token transactions. 🤯😆

I think that there would be at least a person who would maintain a Hive node for purposes other than profit, though it would likely be slow because of very heavy usage and/or low specs. 🤯😅

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What kind of token transactions?

Perhaps so, and that may be how Hive survives, and it might be a very good thing, since over time the code would be optimized to run on far more hardware. Maybe Hive nodes will become as easy to run on a laptop as Qortal nodes are. That would be a very good thing. 😁🙏💚✨🤙

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Something like sending HIVE, HBD, and/or #HiveEngine transactions !INDEED. 😅

If only a few people run Hive nodes, then there would likely be very little progress (if any) towards the improvement of the code. 🤯🤓

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But if @null is supposed to be used to burn tokens, then what would be the purpose of it sending any assets out?

I don't think that's true anymore, especially with the help of agentic AI for coding. If there is a desire and the will to make it happen, then it will. 😁🙏💚✨🤙

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It would lose its purpose !INDEED, and that's why what I imagined as I said on my previous comment was a !WEIRD one. 🤯😆

I !HOPE that you learn agentic AI (coding) faster! 🤗

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Ah, yes, I understand.

I will get back to it soon. I took a hiatus to focus on other things for a bit, as I was staying up way too late frying my brain on learning and testing lots of llama.cpp (and two of its forks) build and run flags. 😁🙏💚✨🤙

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Perhaps you can use other agentic AIs (at least temporarily) to assist with building your own agentic AI! 🤖😏

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(Edited)

Yes, I've thought about that, but I'm really not into paying to use cloud-based models with Hermes, and I also don't like the idea of my data passing through, and being recorded on the hosting servers, as I've mentioned before, since they are trained on our data, and some companies, like OpemAI, have been caught red-handed stealing the ideas of people and companies, like Apple, that just sued OpenAI for exactly that. 😁🙏💚✨🤙

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I was thinking about you using free agentic AI online that don't require any account to use, and you would use them without putting sensitive info there. 🤯🤓

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I'm not aware of any free web-based AI agents that usable for my purposes, since it's far more than just glorified chat bots. I'd make use of them if I were aware of any. 😁🙏💚✨🤙

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I would have suggested to you to use your agentic AI (whatever you have already built so far) to find other (free) agentic AIs online which you can use to learn setting up your agentic AI faster, though that seems to be similar to the "chicken and egg" problem! 🥚🐔🤯🤣

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Yep, there's definitely a circular issue there. 😁🙏💚✨🤙

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