No that doesn't really work. The profit comes from the fact that the blockchain creates HBD for a dollar (worth of HIVE from inflation). Anyone else has to buy their HBD from the market and pay the market price which eliminates the profit.
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Yes and No,
Because,
If we allow Hive into HBD converting ( 1$ worth, for example, a pool does it, like the hive in DAO fund).
So we can print the over demand on HBD and get it back to 1$. the return can go spread over people that pay Hive into a pool.
The converting can be over time with a fee for DAO fund. Would be an awesome system.
Yes I somewhat understand. You seem to be proposing a hive-to-hbd conversion function that would happen slowly in a pool like the dao. People would decide how much to invest, and they would get back hbd from the fund over time.
I think this would work for some economic functions. If people have an opinion of how much new HBD will be needed over some extended period of time, they can decide how much to invest, and that could help stabilize HBD.
However, those expectations may turn out to be wrong, in which case it wouldn't help. You need some other process to deal with shorter term shifts in demand.
Wait but there can be one step added.
Would be stabilizing HBD also on heavy short-term swings.
That's the idea. Sorry, sometimes i write it in a weird way :D
Because would-be ridicules high, if HBD is for example 1,5$, many people would start to fund it. Its like a defi farm :) Returns become lower as more funds added and bring HBD to a super stable niveau.
Yeah that would probably work.
Next time I try to tell something I will use numbers first :) I think its easier to understand with a step to step and less wall of text in bad English :D
Your English is "interesting" but not really bad. But it is okay, that goes with the territory of a global community, and not all good ideas come from native English speakers by any means.
hehe, thanks :P
There is one issue that it is hard for a fully autonomous blockchain agent to actually know when it is selling HBD for more than $1 (since it can't trade directly against centralized dollars and it can't get a true real time price feed). So in a fast moving market when the price feed is inaccurate, it would be selling for under $1 by mistake and losing money instead of making money. Of course investors could accept that risk when funding, and it probably wouldn't happen all that often.
can we use the in-house exchange price for that? Or something like:
Never sell under Conversion rate HDB into Hive with the 3,5 days average?
For example Hive is 0,50$.
2 Hive 1HDB conversion and this is the stop level. So Hive would be never bought from the market under these levels.
Only if we become 2.05 Hive as a minimum for example.
We can't really use the in-house exchange price. It is priced against HIVE so we need to know the HIVE price to know if we are selling HBD for more or less than 1 USD. We sort of know the HIVE price but not really in real time.