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RE: Week through Adrian's Lenses (31 August - 6 September 2024)
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.
0.00126968 BEE
Ok... I get what you mean now. I agree, using virtual supply instead of HIVE's supply is the wrong way to calculate it. I'm guessing this is a too sensible change to the economic part of the Hive's code and I'm also guessing virtual supply is used in many parts of the code, so it's not easy to change it and then test it and make sure things don't break. It's not something you wanna break (more than it is, I mean). At least we know the debt ratio is a little underestimated by the blockchain code, but to be fair, initially there were proposals to set the haircut at 50% from 10% and the more conservative 30% was chosen. Good that you brought it up. It looks you weren't the only one.
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