Converting from Hive to HBD stops as we inch closer to the “haircut”, which is based on HIVE’s market cap. To my understanding, we are far from reaching that point.
We just don’t have very much HBD out there for an entire economy. For smaller transactions we already do, it’s fine.
Won't it then start eating up Hive to make more HBD?
Converting from Hive to HBD stops as we inch closer to the “haircut”, which is based on HIVE’s market cap. To my understanding, we are far from reaching that point.
We just don’t have very much HBD out there for an entire economy. For smaller transactions we already do, it’s fine.
Oh so there is a real problem that HBD peg could break in the future once we run out of HBD?
It’s not “running out”. The chain has mechanisms against runaway printing of debt.
We are nowhere near that sort of problem given our small size.