At the end of the day I'm hoping we don't see HBD fly past that peg because that would be bad marketing if we're to sell HBD as a stablecoin. Nevertheless the 1% seems new to me, different from what pHBD is offering.
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Anyone can create unlimited HBD at 1.05 by converting HIVE. So any big pump in HBD past the peg not only results large amounts of HBD being created quickly, but in enormous HIVE demand, making HIVE deflationary and sending the price moonward. This has happened in the past, and may happen again.
We can only hope. That would really open the doors.
Either way, there are a lot of pieces in place. Over time, we simply will see the amount of HBD keep increasing, especially with the attention it is now getting.
After being completely overlooked for so long, it is refreshing to see action being take surrounding it.
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It would be great if it did that. We would see a number of people be able to convert HIVE to HBD. That would end up producing more HBD. Hitting $1.10 for a little while would be of help.
But the HBD stabilizer is working on it.
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Would be great if we actually get that to happen, more stability will suggest we're doing the right thing.
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A lot of the stability, believe it or not, comes from us right here on chain. As long as we are solid with things and keep seeking to grow things, it will happen.
Unfortunately, time takes time.
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