RE: Request for comments: HBD stabilization DHF proposal

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RE: Request for comments: HBD stabilization DHF proposal

urun in #hbd • 5 years ago (edited)

serious changes

Sure but HDB doesn't work well. Worst case it has the same effect like you describe here:

I've already seen mechanisms of this type pretty much destroy a chain

a longer Bullrun that prints a lot of HDB can Inflation ruin any worth of Hive or Hive power.

And the funniest point is, they don't buy Hive, if it's cheap with money and we have a supply and demand situation, they are simply creating new Hive with their HDB and make the cycle even worse.

For that reason, I think a 2nd layer solution is probably best for testing such ideas,

I agree with the testing point, but a lock-up/loan mechanic can work there too. And if it would in a way like DAI, why we should have HDB?

HDB would be the ugly little brother that can burn Hive, but doesn't bring any value to it.

IMO, and I think I'm alone with that, we should try more new things out and copy things from others that work and already good. I know, Hive devs want always to reinvent the wheel.

Edit: We already can learn from DAI. It's not like we need to learn every lesson on Hive. And I would love a loan feature, would make so much more sense to Hold larger amounts of Hive.

Edit 2: To secure loans it can be also a 100 Day ( +- Timeframe) Average price for loans. IMO it would be super abuse save.

5 years ago in #hbd by urun

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smooth 5 years ago

Not with the proposal I posted here, because supplying HBD from the DHF and then using it to buy HIVE, which is then returned to the DHF takes that HIVE out of circulation. That's what will happen if there is a bull run with high demand for HBD. Negative inflation.

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urun 5 years ago

depends on the Bullrun size and how fast can it adopt.

If the MC is 2B we can have 200M HDB. And it's not impossible it will drop under 1$ again.

If 20% convert around 1$ it will be 25% inflation on top ( and there are 150M left).

HDB is the most shitty stable coin because this coin makes crypto winter even more worse and terrible.

With a real stable coin, people can BUY hive with it. Not generate hive.

Current HDB is also not scalable. Why always people think we can not delete that shitcoin and make a better version out of it.

There will be close to no difference today if we delete it. Only we lose exchange listings for it.

That would favor an update ( a smart one).

A coin that needs HDB potatoes and burn post, sorry that's the description of a shitcoin.

BTW, it's nothing against you, I respect you, and it's my opinion about HDB.

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