So, what would you propose to fix "economically" the DHF money being such a weight? - specifically...
I mean, using something that does not burn collectively through 1000's of hours of work changing the code to make it right...
(Note, I was not speaking about DHF specifically, but now I am interested in speaking about it)
Well, let us take a look at what we are told here if a low HP account has an idea or thought that something can be done different.
We get told.
Buy HIVE stake it and your voice is stronger. If you have no stake in the game why should you have a voice. This is said when a view conflicts with that of those who do have the power to make a difference.
If Hive has no stake in the real world. Why should the real world care about Hive.
Currently the HBD value is supported by an internal source at the cost of HIVE value. If this was not the case. Then the HIVE value would not be declining.
This alone had a value of 12,000 per day. Over the course of it running. 12K X 365 X 5
Ran for 5 years 21,900,000.
If you had used half of that and invested it to the real world.
If some had been put to real estate to develop a return through rental lease. You can work it out easy that this would provide finance to expand more on its own while returning a constant purchase of HIVE monthly.
This would provide a regular increase in the demand for HIVE.
That the idea of using internal funds to keep the value of a stable coin is ridicules. It is like buying a dead token and watching the value go up. So you buy more and the value goes up again. So you keep buying. You are the only one purchasing.
That those coders do not understand the logic of finance and hold control over it is a joke.
Using the rental lease. You also grow to provide a platform to enable people.
By this I mean as the property numbers increase. Hive blockchain gains the ability to provide mortgage facilities to regular people and remove the need of the current banking system.
Demand stability and doing what they said BTC wold do. Remove the power of cenral banking.
Ok, you remove part of the stabilization mechanism of HBD (which is not the only one).
Now you got more demand on HIVE, but then how do you stabilize HBD?
These two ideas as you wrote them are contradictory in my view. Or they lack of additional context to make the message clear of why they were said in first place.
First, stake is a protection mechanism of the code. Has nothing to do with real world value in first place. The value comes from people that have stake (stake alone does nothing to the value if the people component is not there).
So, yes, people can still have a voice and they can still choose to be able to have stake in order to provoke change on the chain (because they now have a security component as part of their responsibility). They can still change things without a voice and/or without stake, but that's disincentivized as part of the code security context.
Lastly, who has the power is relative... just because you have stake, it does not mean you have the power. Just look at how Hive was created!
People is everything on Hive... That's why the real world cares about it.
Proof? Our conversation over here. 😎
Look at it like this. Take that amount and how much it can buy where you are. How much the rent is.
It will probably average out the same the world over.
Now there is finance generation.
You have no choice on an exchange but to buy HIVE.
This get sent to the chain and Well convert to HBD. If the amount exceeds the available HBD at 0.99 You just put that bid up to buy HBD at 0.99. You begin a buy wall that can grow.
Not rocket science. Basic economics.
Have a look at this
We are paying 450 HBD a day for a fecking private game. Why?
HAF NFTs?
There is a proposal just below it asking for just over 7% of that to keep the HAF public and maintain it.
Its a bloody scam to pay a core few devs.
I am not convinced any of that fixes HBD stabilization...
It does not fix anything. It provides support to the chain.
It removes the token buying itself. Which is a dooms day method.
The demand for HIVE will bring about the stabilisation of HBD naturally.
The general person does not give two shts about HBD. Those on the chain like a higher value HIVE.
A demand for HIVE is not there. So the token value is what or where? Speculation Hoping someone else will come along and want to buy it at a higher price. Pure gambling.
You can bring about stability. By making the demand happen by investment to a secure resource.