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RE: Handing Stablecoins To Banks: The Need For HBD

in LeoFinance3 years ago

Very interesting. I wonder what it is going to take for people to start getting HBD squared away where it needs to be for all of this. I have seen some comments that the developers aren't really interested in that. The current ones anyway. I could be totally wrong.

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I think HBD is very important to Hive's future, as I would hope should be indicated by the changes we've coded to improve it.

I haven't seen the comments you're talking about, so I can't comment on specifics of what you read. But it is true that I don't agree with every proposal made on how to go about improving it.

For example, I don't agree with subsidizing a HBD liquidity pool with the DHF, especially in off-Hive markets, as that just seems to be a case of subsidizing someone's external market (via the fees collected) and the traders who operate there (via the decreased spread).

Any good liquidity pool should be self-sufficient, IMO, based off the spread that it market makes over. This is certainly the case of the HBD stabilizer, for example, as it makes a profitable return for the DHF.

That was the thing that they were talking about. I apologize, I shouldn't have mentioned you without having all the info. Thank you for clearing that up. I appreciate it.

I have seen some comments that the developers aren't really interested in that. The current ones anyway. I could be totally wrong.

That could be the case although it seems like Blocktrades supports the stabilizer so it would seem he is onto that.

I cant say and it might be the case. It would be a shame if that is so since it has so much potential. But it would not be the first time someone powerful was dropped.

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They were having a discussion about it the other day in the Leo Discord. It might have been some of the more crazy stuff they were talking about though. I think blocktrades was mentioned specifically. I was busy at work so I was only half reading it. I apologize.