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RE: Week through Adrian's Lenses (31 August - 6 September 2024)

yes, when the HBD supply was smaller, the impact was less noticeable, but now it has grown. The main thing is that you cant call the Hive virtual supply = Hive Marketcap, as that is not what it is.

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The main thing is that you cant call the Hive virtual supply = Hive Marketcap, as that is not what it is.

That's true. If we want to be fair, the debt ratio is something we calculate at internal level of the blockchain as a safety measure. It doesn't really need to meet any external definition or to apply to Hive market cap, unless it becomes detrimental to the safety of the chain. It can be misleading using virtual supply instead of Hive supply, but it isn't necessarily unsafe (it can become at a certain point, though).

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