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RE: Daily Crypto Markets Live Blog: Bitcoin Heading Towards $60K (10/22/21)

in LeoFinance3 years ago

@esmeesmith

RE: Your article comparing HBD and Tether

HBD does not have specified circulating supply and the capped supply documented as of yet.

You can find HBD Market Cap here live. Then divide market cap by price (HBD Market Cap/Price) and you have up to the minute circulating supply.

HBD has yet to put the mechanism to stay pegged to the dollar value.

The HBD Stabilizer, HBD Debt Limit, and Haircut Rule are all in full force and effect on the network. The current destabilization, in my opinion, is a result of a lack of market depth and lack of large market makers.

cc: @forexbrokr

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I referred to coinmarketcap and coingecko for the data on the marketcap and circulation. Considering none of these sources had the data, my statement reflected that part. I'll update the post in between.

About the mechanism, yes, I was aware of the HBD stabilizer part but I assume it didn't helped considering the value 0.9-1.5. So in comparison with Tether which has such in place, I added that part.

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About the mechanism, yes, I was aware of the HBD stabilizer part but I assume it didn't helped considering the value 0.9-1.5. So in comparison with Tether which has such in place, I added that part.

Nonetheless, the statement "HBD has yet to put the mechanism to stay pegged to the dollar" is patently wrong. The mechanisms are in place and are operational. The extent to the degree of their success may be in question, but they are, in fact, there. The present deviations from peg are occurring even with the mechanisms in place (and I have already given you my opinion as to why)

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I updated that part, sadly I wanted to add links to the one you gave here. But HTML table seems to be ignoring the markdown URL links. So I added reference at the bottom of table.

Thanks for the updates guys :)

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