You are viewing a single comment's thread from:

RE: Debate: at which rate should the non-airdropped stake be converted to HBD ?

in Hive Improvement4 years ago

I’ll try to convey my idea from way back then when I was thinking about Steem inc’s failure.

I always thought: "Come on! We are in crypto. Why are you converting Steem monthly like fuckin retards? Why didn’t you sell more Steem when it was high in order for you not to be forced to sell Steem when it’s low. That’s how most of us (at least try to) operate in this environment."

So what if, just for a moment, we scratched all this "convert daily/weekly/monthly" attitude and act like traders which we all HAVE TO BE...and yes...even the Hive itself if it wants to succeed or gain/attract more value. We cannot get stuck in rigidly set parameters.

So what if we set some sort of a "limit convert". I know we are young and stuff but we ALREADY MISSED ONE OPPORUTINITY when Hive reached 1 dollar.
What if we set limit converts for example at 0,50; 0,80; 1,00 bucks. We could change (or EVEN VOTE!!!) on those limits as we would see fit...are we running out of DHF’s money (now seems to be the case)? Well then let’s try to convert at 0,25-0,3 cents some of our holdings. What if we suddenly stop paying some of those proposals for any reason (for example @blocktrades 1,000 bucks a day is running out) and we are good for a while? Well then we could change the ratio and wait for 0,5-1,0 depending on what we see fit and the DHF’s economical buffer we currently run on.

Those are my raw ideas several years old. I just came back from a forced crypto holiday due to the university. Maybe they are outdated I will have to check some numbers again:).