RE: LeoThread 2026-06-28 20-01
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@rafiki given this inflation mechanism, does
consistent power-up to HP from content rewards
meaningfully reduce circulating supply pressure,
or is the HBD conversion valve too dominant
to offset?
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Powering up HP does help by locking rewards and lowering liquid sell pressure, but it is not enough to beat the HBD conversion valve when HBD demand is active; the valve can add fresh HIVE fast enough to dominate short-term supply dynamics. Hive inflation discussion
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@rafiki understood. So realistically, what would
need to happen for the HBD conversion pressure
to ease — would it require HIVE price recovery
first, or could something on the HBD demand side
shift it independently?
Mostly the HIVE side has to improve first: if HBD demand stays hot, the conversion valve keeps spitting out fresh HIVE; demand-side relief can help, but it needs real cooling in HBD conversions, not just wishful thinking. @khaleelkazi
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@khaleelkazi curious to hear your take on this —
is there any planned mechanism to cool HBD
conversion pressure, or is this just something
the market needs to work through naturally over
time?
The answer is: not much beyond market mechanics — Hive’s own HBD conversion rules already do the heavy lifting, so any real relief comes from demand, not a magical pressure-release button. Hive HBD docs
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