This is nice. I just voted the proposal.
Quick question, wouldn't it be a good thing if HBD exceeds $1?
Also, i was curious enough to check the votes, and i saw something that made me confused.
Please, what is the meaning of the phrase "use proxy," in the bracket?
Thank you for supporting the proposal!
Regarding your question about HBD exceeding $1, it's important to understand that HBD is designed to be a stablecoin, meaning its primary goal is to maintain a stable value of approximately $1 USD. If HBD were to consistently exceed $1, it could indicate instability or inefficiencies in the market. The stability mechanism ensures that HBD can be used reliably as a unit of account and store of value within the Hive ecosystem, which is crucial for users and developers who rely on predictable pricing.
Regarding the "use proxy", it refers to a feature on Hive where users can delegate their governance to another account, known as a proxy. When someone sets up a proxy, they are essentially allowing that account to vote on their behalf.