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RE: Spknetwork SIP: Potential To Eat Up A Lot Of Hive

in LeoFinance3 months ago

Very interesting. I am not sure I understand the mechanics of it all yet, but it is a little more clear than what I had first heard about it. I think a lot of it will just boil down to me seeing it in action and then I will probably be able to figure it out a bit more. Is there a concern that eventually the Hive will run out if it really takes hold and then what happens?

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Is there a concern that eventually the Hive will run out if it really takes hold and then what happens?

I am not sure what you are asking. Would you elaborate?

Posted Using LeoFinance Beta

So I am assuming Hive has a fixed supply. If you are locking those Hive up into the spknetwork to get those other three or four tokens couldn't the supply of Hive eventually run out if the platform is really successful. Am I not understanding it correctly?

Posted Using LeoFinance Beta

Hive has an inflationary rate that is decreasing each year but more Hive is created. The SPEAK token is capped which is the deflationary one. Maybe that is what you are thinking about.

HIVE will be locked up in there reducing the float that is around. That will add more to the price of HIVE (or should) which means it will take less HIVE to acquire LARYNX or pay for adds.

Posted Using LeoFinance Beta

Ah, okay. I was just worried if there isn't an infinite supply of Hive it might all get locked up and there wouldn't be anymore liquid for people to buy the other tokens with.