Everytime I ask the question 'who?', the only answer I ever get is 'the koreans'. I really don't know, but everyone is benefitting except whoever would buy and a dollar for 1.20 😅
There is no limit, except the limit of the markets insistence on breaking our peg, so we could print a lot more, as long as someone is paying 'too much' for them.
I'm almost certain that the 10% haircut rule applies.
Where can I read more about this? It sounds very familiar....
I'll dig around. I was thinking Blocktrades wrote about it somewhere.
10% of Hive marketcap can be printed in HBD with the ratio of 1$.
If there more HBD it isn't backed anymore 1 to 1.
But that scenario never happens in the past :D
maybe if hive hits 10$ and falls back to 1$ or something like that. Then we can buy HBD maybe for 0,20$ :)