The challenge comes in on the other side. If one acquires a lot of HBD through the mechanism you laid out, then a price crash could put that person in position to create a lot of HIVE.
Thus, a 5% fee, which goes into the DHF, would help to offset that some. It might not stop it but it is just another obstacle to overcome.
In this situation we are describing, the 3.5 wait might be less of a hindrance if the moves are big enough.
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How is this different from buying the bottom except the price they pay is probably worse? Haircut rules should prevent producing too much HIVE for taking over the network, right?
Yes the haircut rule is another factor that helps to slow one gaming the system. However, that is increasing as the need for more HBD is going to be required.
So there is the crux, how do you set up a system where there is the ability to expand yet prevent (or at least minimize) the ability to game the system.
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