Well there is a 5% haircut for converting HIVE into HBD so I think it makes more sense to convert that using the internal or external exchange for HBD. All of the points you raise can definitely happen but I think HBD probably has the highest hurdle. We probably need more utility on HBD before things can happen.
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I agree utility has to increase a great deal.
We will see what is rolled out during the first quarter. That will be a sign for the rest of the year in my opinion.
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