The haircut ratio isn't really about limiting printing currently. Printing is actually limited before that point. The haircut ratio is really about trying to avoid a deathspiral. It's almost certainly set too conservatively at 10%, but I just don't want to mess with it in this HF.
You are viewing a single comment's thread from:
I see. How do we limit printing then. Is it using the witness price feed?
If it is, I believe witnesses should consider what is the max supply of HBD we want to reach by estimating what will be the hive low in the next bear market. Obviously it's impossible to guess, but it's easy to take a guess being extremely conservative.
Then using that low, caluclate the hive marketcap, which should be able to support the HBD supply. Doesn't have to be 10 times larger, as you said.