I wonder if this haircut rule is managed through the witnesses and if they can adapt it based on the market conditions. If that can be updated on the go, it would surely be a great safety measure to act right away if something bad happens.
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I believe the haircut is hard coded into the blockchain. This is why it was changed in the hard fork. The witnesses do control the interest on HBD in savings. So they could alter/stop that based upon market conditions.
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