RE: HIVE Listed At #59 On Coingecko

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In comparing steem and hive, it looks like they have the same number of circulating tokens. This makes sense since the ninja-mined stake was moved to the dao.

Question: If we burn this stake as some people suggest, are we shooting ourselves in the foot? I assume, market cap is token price times circulating supply. We would be reducing our supply and since this is not available on the market anyway, it would have no impact on price/demand so our market cap would basically drop by 25%. Am I thinking about that correctly?



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There is roughly 83 million Hive in the dao. Burning it would reduce our market cap by $16.6 million to $52.4 million, which would put us in line with steem. Something to think about. Actually, we should stop burning coins in the null account and start moving them to an account without transfer rights that no one can access. Every time we burn tokens our market cap decreases. In theory this should be offset by an increase in price but we might get the best of both worlds if we do it this other way.

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