depending on the math.
If we calculate swings in ( remember we have no liquidations), it can end up in a drama inflation for hive.
That would end up in a drama token price. And this end up in " fuck you hive power holder".
I mean first should be a semi-protection of Hive power holder.
If hive inflate on a max abuse curve from 7$ to 0,2$ would mean 200% inflation.
I think you are not calculating in that HBD will not be worth it 1$ if the price of HIVE drops, meaning lot less HIVE can be created from HBD even at lower prices .... 200% is impossible
na I made a post with the math behind it. 200% are possible on max abuse on 7$ hive. Even 50% would suck.
7$ to 0,2$ allow 200% inflation if converting on the edge. In a theoretical move 1% on 1 cent.
Its theoretical.
But every time the conversation finished the market cap increased and allow in the next step a higher amount on HBD in theory to convert.
Makes it exponentially.
In my math, I calculated 100M hive burned for converting into HBD ( so a decent amount) and it ends up in 200% inflation on heavy market swings.
Numbers are right and this would allow attacking the network.
If not all at once, can be also be done to make huge damage as a competitor for "cheap".