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RE: Proposed hardfork change to stabilize Hive Dollar’s tracking of USD value

in Hive Improvement3 years ago

Do you think that this will incentivize the internal market toward market trading in general or less? There is really only one usable 3rd party market exchange of HBD for most people bittrex and it's liquidity is extremely low but traditionally hive internal market has been pretty bad for depth... though I admit I have not looked since the proposal from @smooth to see if it impacted that.

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It's gotten better since the @hbdstabilizer started and I also restarted the my @teamsmooth-mm bot around the same time (both likely contributing to some degree). But it still is not great by any means if you want to make large trades.

I believe it will incentivize trading, because it will be easier for someone to obtain HBD to trade when someone is trying to pump the price of HBD beyond a dollar. Whether that happens on the internal exchange or on an external exchange will likely be determined by where the price pump is happening (generally in the past they've happened on external exchanges).

So my guess is it won't change the situation much for internal trading, except to the extent that it makes it easier for someone to create more HBD when the supply goes low, without having to wait till the reward mechanism creates more.