The hive in the DHF is already being converted to hbd since HF24, over the course of 4 years.
But still something needs to happen with HBD to make it.. better. A way to print HBD with hive would actually be a god send, cause then you could make a liquidity provider who can print HBD provide large amounts of liquidity when it's needed. Right now it's really impossible to do huge buys with hbd cause there never really is a lot about and 90% gets converted to hive.
Right I actually knew that at one point but forgot about it.
Do you know how that's implemented?
I don't know myself I was going to look at the gitlab to check it out but it's down atm. anyways since @howo developed it he'd know best.
iirc it's like a couple % trickle conversion over a 4 year period.
yeah im just wondering how they get converted... I assume they aren't being sold on the internal market... but i have no idea.
Itś a virtual operation that converts about 40k Hive into HBD per day. The operation itself doesnt show up on the blockexplorers (just like the "interest" paid to HP Holders doesn't generate a transaction) but you can keep track of it by checking the balance of the @hive.fund account.
I collect stats that I consider important about the blockchain every day so I can verify that the code is working as intended.
Correction: It can be verified on hiveblocks.com but not on hiveblockexplorer.com.
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We convert 0.05% of the hive to hbd every day. If you want to track it there's a vop being published on @hive.fund
What will be done with it? 😅
Nice edit, maybe your first reaction shouldn't be insults whenever you disagree with something.
As to what we'll do with it, well what the ninja mine was initially ment to do aka fund the development of hive.