What this means is there needs to be at least $1 worth of $HIVE available for each HBD that is outstanding.
Thank you for the above line, since I have been reading about the haircut rule this is the simplest form that finally hits home. Am slow to grasp some of these fancy terms.
The Hive, HBD relationship is like none out there, from all I have been reading about Hive and HBD, it shows the mechanics in place were carefully thought of and not just some tokenonmics built with only token price appreciation in mind, there has to be security and we have that.
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There are some safeguards in place based upon what happened elsewhere. The key in all of this seems to be to try and slow things down. That is the difference in an attack. Speed is how things get out of control.
Slowing things down and making the process a pain in the ass can deter some behaviors.
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