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How Can We Burn More Hive? by whatageek

View this thread on: hive.blogpeakd.comecency.com
· @whatageek ·
$0.84
How Can We Burn More Hive?
Alright idea time. Besides running ads and using that money to buyback and burn Hive how do we get more of Hive off the market? Defi is a good start as it locks the coins up and gets them off the market as well. 

Who has ideas to help us bring that circulating supply of hive down and the price up?

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vote details (39)
@jondoe ·
One way is to stop paying out so much money via the Proposal System. There isn't a ton paying out right now but there has been a lot since HIVE forked. That HBD represents HIVE as it is backed by HIVE. We've literally paid hundreds of thousands of dollars already in a few short months from there at a time when there isn't really enough demand for HIVE to support those kinds of payments. End result is HIVE trading at $.18 and a HBD that has a heck of a time ever getting up to $1.

Posted Using [LeoFinance](https://leofinance.io/@jondoe/qgi3un)
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@looftee ·
Who keeps the HBD pegged to 1$. Users, or whales or some dedicated fund to do so?
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@jondoe ·
The blockchain does. There is a conversion feature built in that exchanges your HBD for $1 worth of HIVE. So, if the price of HBD goes below a dollar, there is incentive for people to convert their HBD into HIVE because they get more out of it than it is currently worth. When the conversion happens that HBD is destroyed which reduces the overall supply of HBD.
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@looftee ·
I don't have any ideas, but I would like to hear some.

I think more apps/games based on hive platform is a good option.

Something like Dcity. Every player wants to grow the reward pool.

So, more of like that, and that could take some hive from the market.
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