Should HBD be listed on more exchanges?
An argument can be made for HBD to be used primarily as an on chain asset for the benefit of the hive ecosystem. positioning it as a stable coin akin to usdt or even a government issued ones might be more harmful to hive than helpful.
- Yes, the more exchanges the better.
- No, it should be promoted as a feature of the hive blockchain and remain largely on chain based.
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My opinion is somewhere in between. We need at least one HBD/fiat pair to help provide stability, because it is much easier to manage a market maker for HBD that is based on a stable fiat token.
I also think that HBD is likely to be inherently low liquidity though, at least for now, so too many HBD pairs would cannibalize each others liquidity rather than increase it.
All that said, there is the possibility that simply having more pairs increases the number of people who foolishly speculate on HBD price. This could be beneficial for Hive, but er, would be based on exploiting people's ignorance and greed which I don't think is something we should pursue as intentional policy.
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HDB needs more arbitrage trading, getting on more exchanges is a good way to make that happen. Everybody makes a profit, that's pretty awesome.
I think it shouldn't be listed on more exchanges. The system that it uses to keeps itself pegged close to $1 USD is all based on the internal Hive blockchain. If it gets exchanged outside of the Hive blockchain, it will probably make the price fluctuate even more away from the $1 USD peg it is supposed to keep.
I think it’s better to be on the chain personally! I think it’s going to confuse some to list that as well as hive more broadly. Then it also exposes it to more fluctuations than it’s got now.
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