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RE: HBD, Arbitrage, And The Internal Exchange

in LeoFinance3 years ago

Hello!
It is interesting what you explain here. I recognize that I don't know much about the demand for HBD and how important it is for the whole Hive ecosystem. But there is one thing I have noticed for a while now, and it is the lack of use of the internal market. I see a lot of people using the conversion mechanism that takes 3.5 days for really small amounts, and I always wonder why they don't go to the internal market and do the operation faster. And I have been surprised when I asked users who have been on the blockchain for much longer than I, and they answered they don't know or don't remember that there is the possibility to go to the internal market and exchange the HBD and the Hive there. So there seems to be some ignorance about this.

I for one have always exchanged small amounts and I have always done so on the internal market, I have never used the conversion mechanism. And I do it quite often.

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People should use the internal market in my opinion especially for smaller transfers. Some might say they are reducing the HIVE supply, which they are, but to me it makes little difference unless being done in huge numbers.

The internal market needs more activity. That is why I bring up these people periodically, to make people aware of it and that it should be used.

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Yes, in small quantities the effect of the reduction of the Hive is very small. And I agree it should be more active. But I think many people don't know that this option exists.
Have a good week! :)

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