HBD being pegged to HIVE and not USD is simply genius. That works like an umbrella from stablecoins shit going in the world. Hopefully, the mechanics will hold on and I wonder if HF26 extending to 30% of the HBD haircut rule to take effect puts it in any danger. What do you think?
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lets tie hive to USD so it can crash and burn when its value goes higher.....Smart move 😂 If anything we need to treat Hive as its own form of value IE: Trade real goods and services using hive.
Does does USD crashing and burning hurt Hive?
It helps Hive because then we don't have to pay back any of the debt we issued.
It would be the HBD holders who get burned.
Seems like you don't understand how this works.
To be fair it is pretty complicated.
Exactly!
Increasing the haircut puts Hive at more risk and gives more assurances to HBD holders.
It also allows the Hive network to expand to a much greater level.
We are taking more risk to get more reward.
It's something I've been asking for, for years.
Will be nice to see it implemented.
I think 30% is still very safe.
It's all about volatility and how quickly we get to that 30% level.
Faster is worse.
It’s moronic. Respectfully it really is.
I think you underestimate the chain reaction of making Fuentes like this this late in the game. You make fair points but I just am getting the urge to sell and watch. This sounds a bit desperate to me the way these posts just wanna change how it works while at same time promoting the 20% APR is safe but buy buy HBD. I don’t mean you, I just mean these posts by many about this topic. It’s getting a bit ridiculous