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RE: Week through Adrian's Lenses (31 August - 6 September 2024)
Quite interesting talk about the peg, I just saw today that the hbdstats.com shows the marketcap wrongly and also the debt ratio too. I then discovered this is hardcoded.. that Hive considers the debt in its marketcap calculation and is why we have a huge $35m difference with coingecko/hivexplorer .. so we dont have a 30% debt ratio, but a 45% one!
0.00130981 BEE
I'm not sure how you got to these conclusions, but a few screenshots should clear things up:
From hbsstats.com:
From hiveexplorer:
From CoinGecko (market cap of HBD, a little below peg at 95c):
If debt ratio would be 30%, HBD would not be printed anymore, so it would be evident right away.
P.S.: I figured out what you mean. The HBD in DHF is not calculated as debt because there is no risk of being converted into HIVE immediately, but only in time, as DHF payments occur. At least that's the explanation I have.
Yes, it's the formula used to calculate the debt ratio counts the hbd debt as part of equity! This is why Dalz has $35m extra market cap than coin gecko.
https://ecency.com/hbdstats/@dalz/hbd-stats-now-with-a-backend-and-auto-updating-charts#@mypathtofire/re-dalz-sjec2m
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