Greetings friend, what does this mean I don't understand? Inflation is set to keep being reduced every 250k blocks or ~9 days by 0.01% until it reaches 0.95% in 10 years or so
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If you don't count HBD conversions, for instance HBD coming from the DHF that people may convert to hive and increase inflation that way, the rewards pool is meant to shrink over time. In 10 years the yearly inflation is going to drop down to under 1%, meaning that if we have 1 billion hive tokens by then, then there's only going to be 10 million hive per year, while currently there's a lot more than that being printed yearly.
I.e. the amount of hive that goes out as rewards to authors, curators, witnesses, etc, is constantly going down as a rule of the blockchain.
But I don't understand something: if we haven't reached that point yet and there's a user crisis due to Hive's price, does that mean there will be fewer users in 10 years, considering that the vast majority of us are looking for rewards? It's not that I'm very well rewarded, and yet I'm still on Hive, but I think it would be difficult in 10 years to be here and find it almost impossible to get rewards. Do you see what I mean?
Just because less hive is going out doesn't mean it means less rewards, depends on the price of hive, but it's normal for token emmittance to drop over time, same happens with bitcoin for example. But yes generally now and until we get closer to 0.95% is probably the best time to earn hive, especially with few authors competing for it, those who come later will have to be okay with getting hbd and less hive
I understand now. It's great that I'm in the right place at the right time to get Hive and be able to buy it at a relatively low price. Thanks for the explanation.