What the blockchain does at 30%:
This should be 20%.
At 20% the chain stops printing hbd and only prints hive.
At 30% the guarantee of 1usd of hive begins to decrease, known as 'the haircut'.
Iirc, at 50% debt ratio you get .6usd of hive.
At 30+% you get some fraction lower than 1.
However, while the price of hbd is below a dollar and above the haircut you can print free hive by swapping to hbd and converting.
It takes 3.5 days, but it's easy hive.
Fairly risk free, too.
A rising price can cut into profits.
In effect this shorts hive with a near certain return of 2 or 3% over 3.5 days, generally.
Thanks, good catch!
even higher with outside buys of HBD
Yes, if you can get hbd on an outside exchange you can make bank.
sadly only the korean one sells. And hive guardians did bully of korean users lmao. Remember the korean pumps we had?
Yes, I remember them well.
I wouldn't blame the koreans for not liking the status quo.
A few more days and I would have joined them voting for change.
Then all the money got stolen and I was out on that.
I moved all my votes to the current crop of witnesses.
yeah well, it was so retarded. I would like to see more asian people here.