Posted via D.BuzzFirst time I hear about @hbdstabiliser, can you tell me more about it? (and how your suggestion will change it if happened...)
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Posted via D.BuzzFirst time I hear about @hbdstabiliser, can you tell me more about it? (and how your suggestion will change it if happened...)
https://hive.blog/hbd/@smooth/request-for-comments-hbd-stabilization-dhf-proposal
My suggested change is something I believe is planned anyway, to incorporate the same functionality which @sbdpotato did in the past. By converting HBD at prices below $1 and then using that Hive to buy HBD, the DAO will remove HBD from the ecosystem, bringing the price back closer to $1 when it is below. Unlike with private traders, the profits will be returned to the DAO, so it will result in less inflation than if only private traders perform the conversion (as they are likely to eventually sell and release all the hive onto the market).
Ideally we should have a system of low trust worker accounts that can only perform a limited set of transactions, and transfer to a whitelist of accounts, so that they can be trusted with larger amounts of Hive at a time to perform at a large scale.
I agree... The proposal itself is good as is though, thanks for the link!
Posted via D.Buzz