RE: Case Study: HBD Savings Delegation

[antisocialist]

This is incorrect.
HBD in savings has a 3 day withdrawal.
Converting hbd to hive has a 3.5 day wait and is a separate operation.
Converting hbd to hive increases hive supply, and is more likely to drop the price of hive rather than raise it, all other things being equal.
It does burn the hbd, thereby making less hbd available.

Tldr; we've been asking for bonds coming up on two years, and were told to wait for the next hardfork, but I haven't seen any developer feedback since before the last hard fork locked features.

Comments

[rubencress]

Ah yes, oops! Thank you very much for pointing that out. Fixed it, and edited it into the following;

When HBD is locked up in savings on the Hive blockchain, the newly minted HBD can be converted to Hive at a fixed exchange rate after unlocking them, this unlocking process takes 3 days. The 3.5-day conversion process can be used to increase the amount of Hive in circulation, which in turn could potentially drive up the demand for Hive.

The increase in price (different than value (as Hive is added into circulation it causes a decrease in value if everything else remains equal as you said)) was more or less a possible outcome as demand for Hive could be seen as trust in Hive, as well as that more liquid Hive could be available (imagine everything is locked in HP). But I see how this can be confusing or a bit too far-fetched to include.

Thanks again for helping me clear this up! Appreciate that a lot.