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RE: Week through Adrian's Lenses (31 August - 6 September 2024)
@outwars71
(edited)Where have you seen that?
From the same post/report:
The first image showed 4M conversions. If the stabilizer had 1.1M conversions, I assumed the 2.9M was from regular users. Do correct me if I'm wrong with my assumption.
As for the increase of the HBD APR, if it won't be enough to encourage people to convert their Hive back to HBD, at least it can make them think twice before converting the HBD to Hive. You have stopped your goal of stacking HBD right? I have been converting my author rewards HBD to Hive as well, and even more so after the APR was lowered to 15 percent.
0E-8 BEE
The first image shows only HBD -> HIVE conversions, and only above 1000 dollars. The image you reference is for total conversions, including HIVE -> HBD.
My reasoning for stopping the HBD weekly challenge wasn't the drop in APR. I ran out of HBD reserves and would have needed to sell HIVE to HBD to keep up with increasing amounts of HBD needed weekly. It didn't make sense logically, at this point in the market.
Instead, I now BUY Hive with HBD from author rewards, which is not the same as converting HBD to HIVE. Buying HIVE doesn't create more HIVE and helps support the price (well, I'm not a big buyer, but everything counts), while converting HBD to HIVE burns HBD and mints new HIVE, inflating its supply.
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