RE: If I Was Still On Hive
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If I Was Still On Hive
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So 96% of the rewards from the pool go to splinterlands?
no, 96% of the buyers of hive tokens use them for splinterlands cards
So what about the Rewards from the reward pool?!
i'm so glad you asked that
the almighty "reward-pool" is comprised of new tokens, created out of thin air
in monetary terms, this is called "inflation"
and "inflation" steals money from SAVERS by diluting AVAILABLE SUPPLY (aka "increasing liquidity")
this drives the value of the token down
in other words, the almighty "reward-pool" is STEALING MONEY FROM SAVERS
Nope. Even the white paper details how this is false by pointing out how inflation does not correlate to increased supply of dollars. Do you think our current inflation is because of the $1000 Covid checks or the increasing cost of energy? Which one you think correlates best?