while stabilization doesn't seem to work, it is still returning massive returns for Hive holders how I understand it. So it might still be worth it
You are viewing a single comment's thread from:
while stabilization doesn't seem to work, it is still returning massive returns for Hive holders how I understand it. So it might still be worth it
That's completely correct.
Also, hard to say that it entirely isn't working. HBD is definitely not stable, but it could be even less stable too. Also possible that it hasn't yet worked at past funding rates, but funding rates are increasing and it may at some point start working.
that's why I think a DAI version of it would work better :)
supply on demand.
IMO it would also increase the hive price, because for the demand on hive to generate the dai version + it would be locked up in that timeframe.
But for the moment, the proposal is the best thing we can do for now. But longterm ( midterm) we should think again about change it :)
And if it doesn't work, well, then it just works a different way.
Maybe. We will just have to see. I am just glad that the HBD is being used to buy Hive and not just going into someone's pocket. It will be interesting to see how this plays out long term.
It's buying a lot of HIVE right now, nearly enough to offset the entirety of Hive inflation. If a new investor came along and was buying 40000 USD worth of HIVE every day we'd consider that very significant in my view.
As funding increases and/or the price of HBD stays high or increases we may actually more than offset inflation making Hive (temporarily) deflationary.
By 'current_supply' metric, it's already going into deflation.
Interesting, my back of envelope calculation was based on total inflation including the part that gets dumped into HBD immediately and doesn't show up right away in current supply. So indeed current supply inflation is lower to begin with. Thank you for pointing that out.
Nice
that's cool :D
Ya, I think the long term potential is there. I think it is just hard to try and keep the value of HBD as close to $1 as possible when it is tradeable on the markets and people are willing to pay a lot more for it. I am just glad that the funds are all being put back into the ecosystem.