Thanks for the reply. I understand and agree with you, it's all about sell pressure, at some point everyone will sell, unless they want to plant the assets in the garden.
This is the theory, in practice the HBD businesses are all converting HDB to Hive and then to fiat but it may be different one day.
About the stabilizer I've also one doubt.
If more exchanges list HBD and HBD start having more liquidity, sell pressure, etc, it will not be a great pressure to stabilizer to keep the peg on internal market?
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I don't actually see that. If you look at the Hive Sucre businesses, at least some of them just sit in the HBD they receive without selling it. I'd guess they'll sell it eventually but they don't appear in a hurry to do so, which is downstream of the value stability being good.
I don't think exchanges make much difference to this directly, though the would give it more exposure which is overall a positive.
Have you run the numbers on that?
By observation but if you have numbers it would be awesome if you share with us. From the 60 or 70 business right now in hive accepting HBD, how much of them are sending money to exchanges and how much are keeping the HBD. I'm not criticizing, they have to pay for what they sell to suppliers.
The 51 businesses on my list are collectively holding 1,998.512 HBD + 9.8 in savings. That's about 9 times the weekly average value transferred (based on 13 week MA). It will take a much more complex query* to compare overall flows, ie. how much is sold each week, how much is kept in business accounts, how much cycles back into local Sucre HBD economy.
Edit: A better comparison is that it represents more than the last 7 weeks in transfer value summed.
*It would have to not just track transfers but also market orders, savings etc.
So it means that those 51 are holding 9x more than transferring, right?
My idea by observation was not that but I believe more in your numbers, that's great! 👍
Rather, they are holding 9 average weeks worth of transfers in HBD.