Can't 100% say they are wrong. What would happen if we hit the 10% supply cap is conversions would be blocked and ability to grow the supply of HBD would stop, meaning it could pump a lot higher. This hasn't happened yet, and won't happen as long as the price of HIVE keeps going up, but there is no guarantee.
However, even in that case, the HBD stabilizer would continue to work, and the higher the pump takes HBD, the more HIVE the stabilizer is able to buy and send back to the DAO, so this isn't all bad. It would be a speed bump in establishing HBD as stable, but still likely good for Hive stakeholders in the short term.
I guess the consensus witnesses will cross that bridge when we hit that cap. I mean, it can't be too hard to raise that ceiling, can it?
Takes a hard fork which needs to be scheduled along with getting exchanges to update. There's usually a lead time on that.
IF we would know it happens, we could decide to use/save funds on HBD stabilizer and buy hive on some levels.
The DAO fund could benefit massive from that. Like 50% now and 50% on 2$ for example. if 2$ never happen, do we really care?
We can easy send it back to the dao fund or support the 1$.
100M HBD should be a goal to print. With that we can build an high liquidity onchain pool with the 10%APR. This should stabilize and add value by nature to hive :)
Our onchain defi. Exchanges could use that liquidity. It would be like a centralized stablecoin with the benefits of decentralization.
Alone this would add massive value to hive. Think about L2 exchanges that can build on top of that and have enough liquidity in Hive/hbd in the back.
With smart contracts and other tokens on that L2 exchanges, it could end up massive.
And the demand would be huge by nature, because of trading.
If the pool includes a little fee like 0,01% burn each transaction would also add value by nature and refinance the efforts.
Low fees, no transaction costs are IMO huge.
IMO it would need on L1 onchain to make it really secure and trustworthy.