This is a consensus level issue. You would need to make the witnesses agree on such a change. If you think you can convince the witnesses, why don't you write a post about it? You could also go to the Hive-blockchain source code repo and create an issue.
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I actually missed the whole point haha. What i was trying to ask is if there's any debate regarsing this issue. Given that blocktrades is one of the most relevant figures here, i just wanted to know what's his stand on it.
Regardless, thanks for the time.
There is no debate, just me trying to convince others:
It has been my opinion for sometime that Steem Dollars (and now Hive Dollars) inflation (Austrian definition) should stop completely until the Hive/HBD market-cap ratio exceeds 19 Hive for every HBD and should stop again when the ratio drops to or below 19 Hive for every HBD. Then have some relation between so the number of dollars issuance starts to diminish at say 25 Hive for every HBD.
These 19 and 25 could be a witness parameter, rather than these constants. If these values are set to 9 and 9, it is what we have today.
Should this be done, HBD could become a credible pegged currency. That's not such a high expectation though is it? Interest given to Hive Dollars in savings when they are super-dollar would also help control when it gets too high.
What does @blocktrades think? I am curios as well.
@leprechaun There's already code that stops printing of HBD when the ratio of issued HBD to Hive market cap goes too high. And there's also code that starts to lower the value of HBD if amount of HBD issue continues to exceed the Hive marketcap too much (this latter rules tends to encourage conversion of HBD to Hive before this haircut kicks in).
@occupation To allow for more HBD to be printed, and still allow for stability, there's only two solutions I can see: 1) increase the value of Hive (since max amount of HBD is effectively ratioed to this value) or 2) allow for collaterization of HBD via other currencies.
This latter method could potentially be implemented, but it would require some work, and it also brings currency custody risks too (unless one assumes the existence of trustless 1-1 blockchain transfers, which really doesn't exist now). So I don't think we should focus attention on this direction.
We like to overcomplicate things haha. Would like to hear what @edicted thinks of it. :D
Sure whatever gets added to the marketplace of ideas is welcome. It was different when Bitcoin was in a bear market. These days the Hive Dollar is doing surprisingly well in terms of dollars. Maybe because the money printer is going brrrrrrrr.