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RE: The HBD Peg Conundrum

in #hive4 years ago

So you can imagine how frustrating it would be, how daunting it is to those who are building the tools we all enjoy, when you meet all the above criteria, and still get bumped from funding because HBD is too high?

i don't get this thing. what does the price of HBD has with west voting for proposals?

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See for yourself: https://peakd.com/me/proposals

Currently the stakeholders have decided to prioritize pegging HBD to a dollar instead of funding many of the future projects on this chain. Is it a smart move? Maybe, I'm not one to say, but I do want people to consider the choices and think long term.

The long term aspect is mostly economic. More funding for DHF, less HIVE in circulation.

If you can temporarily suspend funding on worthy projects for a while and then have a LOT more funding for worthy projects at some point in the future, that seems to me to be thinking long term.

if it is for few days, it will probably be fine. and could be beneficial if we get a bit of the hive up price action. If it goes for weeks and still not close to 1$ then there is no point.

I expect it will be for a few days to a week or so. But if it goes too long, I can make temporary payouts, then create a proposal later to be reimbursed.

had no idea what was going on, a lot of people probably did not so it is nice to get some information.

learned some things from this situation.

The pump is nice, it's just on the wrong coin :)