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RE: Upvote this post to fund @hbdstabilizer

in #hbd4 years ago

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.

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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.