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RE: Would you prefer to use HBD/USDT pair over the HBD/BTC if it were available or both?

in GEMS5 years ago

I'd like to see a stablecoin pairing, but would prefer USDC over USDT given some of the sketchy things in Tether's past. IMO need to add other mechanisms to stabilize the price action as well; maybe allow the same 3.5 day conversion from HIVE ---> HBD instead of only one way from HBD ---> HIVE. We should also look at the 10% figure required to trigger the haircut and consider raising it so extra HIVE is not printed when the price action is already low, putting further selling pressure on HIVE. I would be curious to see the effect of a 15% or 20% figure of HBD/HIVE market cap before haircut triggers.

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Those are some good points. I am all game for whatever it takes to reduce HIVE's inflation and providing more use cases for the main token. HBD adds to the confusion for most users especially new ones and if this chain has to do what Steem failed to do (ie., go mainstream) then it will need more simpler-to-grasp mechanisms for mainstream audience.