If everyone uses Hive's internal market to buy HBD, then the price of HBD will rise above $1. To maintain the peg the winesses will have to sell HBD for Hive...
Is this a cunning plan to force the witnesses to sell all their HBD to the community? :-)
Posted using Neoxian City
Witnesses don't even receive HBD (unlike regular payouts). All witness rewards are HP. To get HBD, witnesses would have to buy it like anyone else.
The HBD Stabilizer is what brings the HBD price closer to the peg, not the Witnesses.
It is regularly buying and selling on the internal market.
Posted Using LeoFinance Beta