I think HBD is different because people don't need to panic sell. Although, it's protection mechanism will be its downfall. (Once Hive is at a certain level, $1 HBD is no longer worth $1 Hive per auto conversion mechanisms, until the situation is under "control.") That alone will lead to panic.
When hard limit is reached, the internal price of HIVE becomes artificially high, meaning that on chain conversion and other calculations will cause code to give out less HIVE than one would expect (so f.e. the user trying to convert HBD to HIVE on chain will be at a loss compared to the market, but the chain as a whole will be safe).
I agree, it will be dangerous to invest in Luna, only time will tell.
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I think HBD is different because people don't need to panic sell. Although, it's protection mechanism will be its downfall. (Once Hive is at a certain level, $1 HBD is no longer worth $1 Hive per auto conversion mechanisms, until the situation is under "control.") That alone will lead to panic.
https://nocdn.peakd.com/@andablackwidow/the-hbd-limits-explained-technical
A protection mechanism like this exists.
good knowledge. Thanks for the story of what exactly happened. I saw it everywhere, but only knew it happened, not at all WHY it happened..