Wouldn't it make much more sense to code this at the blockchain level? Then it becomes a feature of the blockchain and a reason for other people to come and build here.
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Wouldn't it make much more sense to code this at the blockchain level? Then it becomes a feature of the blockchain and a reason for other people to come and build here.
The proposal as described can't be implemented easily onchain, because it involves interaction with exchanges. An onchain solution would involve some kind of way to create new HBD (either via conversion or collateral). Both of the latter have been suggested before, and might be implemented in the future. But the proposal would make a useful test, if handled competently, before doing anything more drastic involving real economic changes to the blockchain rules.