We already have the hbdpotato creating a sizeable amount of inflation by converting HBD. I don't see why we need a second operation that does the same.
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We already have the hbdpotato creating a sizeable amount of inflation by converting HBD. I don't see why we need a second operation that does the same.
I would rather see this method used where trust is minimized and all funds are immediately returned to the DHF. Also, potato IIRC does not address overvaluation, which is actually the bigger challenge IMO. Conversions for undervaluation could and would (and have been in the past) done by individuals without any organized effort, since there is a direct profit motive when you can buy HBD for less than a dollar and convert into a dollar worth of a liquid asset. But again it is better that any profits be returned to the DHF.
HBD Potato could be trustless, I proposed a solution (using multisig) a few weeks ago (and wrote the code for it), but it seems the current project owner is not interested and prefers to keep full control over the funds.
Thanks for letting us know
Thanks for taking the time to do that @fbslo !
Appreciate the effort!
You should be much higher in witness rankings. Very excited for HF25 and vote decay.
Okay, in that case let's compete with him and send the profits back to the DAO instead.