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RE: Some information about the Hive(previously steem) proposal system/sps/steem.dao/hive development fund/hdf

in #hive4 years ago (edited)

This is still quite a lively debate actually, but nothing is decided, the implications are not exactly yet known if we should drop hbd, but even with a broken peg, it's still a useful mechanism, for sps payments for instance. I'd rather know that my payment will be in the 0.60 to 1$ range than 0 to 10$ with unpegged tokens over a year. Makes it easier to budget the daily payout I need.

Now regarding added complexity I can't say I disagree, and @netuoso actually did a version of steem with sbd stripped away (not sure if he finished it though). But it's a lot of work to do it, and it still up in the air if it's actually worth it to remove it.

IMO, unless there is a very big push from the stakeholders to have it removed, it will stay there.

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Another idea is, if we keep HBD, to really improve it (add convert HIVE to HBD in both directions, lower debt ratio from 10% to let's say 1-2% in order to reduce the debt and high inflation risk to HIVE). Removing HBD could be done in a quick way by just stopping HBD printing with a HF if we decide to remove it and then removing it from the front-ends gradually for example.