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RE: Upvote this post to fund @hbdstabilizer

in #hbd4 years ago

Now that's something I can get behind and only just scanned over it so far. These posts seem more like a band aid slap while the proposal seems like more of a permanent solution. If we can actually get it to stay within a cent or two of $1 at all times that will do wonders. I just didn't feel this post was the way to go about it at all.

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Using posts and even the DHF to increase market HBD supply is not a do-it-all solution by any means. We can see that in its limits currently. The true solution is to allow HIVE->HBD conversion by the blockchain.

Even if it's limited, I do enjoy the bandaid. Redirecting capital from people blindly speculating on a three letter token they have zero understanding of back into the value of HIVE and the DHF is proving to be very successful. And due to the fact that has only been partially successful in its mission, it strings that dumb money along resulting in more value for Hive.