So much FUD around all the Stables, and I certainly haven't researched them all, but here is what Lyn Alden predicted for UST 2 months before the melt down.
She wasn't the only one. HBD is only.. Stablish, but I think that is good. I was not really for the pegging activities but I think I was wrong. Also, we have a good system of safety nets in place prior to HBD pulling Hive down too far.
I certain don't see the masses adopting it yet, but it's great to see it being tested at different price levels.
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I don’t think we do. If we see a real crazy crash that doesn’t rebound quickly it will pull it down much longer.
The problem HBD has is dynamic inflation. At 1$ Hive: 1HBD = 1Hive At 0,10$ its 10 hive.
So in a worst-case scenario, it can ( even with a haircut) add much inflation without adding buy pressure to get the stake.
Like a short contract against the platform.
So the mechanic is on-scale retarded. Same with 10$ to 1$.
And every conversion increases the Total MC that allows for the next step more conversations.
On a big scale, it would be worthy to game it.
The 3 day waiting period and the "black swan" protection that Hive will stop printing HBD is the debt becomes too high, there is talk of upping the limit, but I hope they do it slowly.
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Wow. Okay who is Lyn Alden 🤔
Lol yeah Stablish is the word
She's in investing, came from the mainstream, but also has a fairly realistic, not perfect view of crypto.
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Ah thanks I’ve found her Twitter.
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