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RE: The HBD Peg Conundrum

in #hive3 years ago (edited)

Personally I don't like HBD and think it should go. The inflation hangover from HBD printing during bull years and the conversion mechanism on a collapsing price is savage. SBD conversions created 2.5x the nominal steem inflation at the peak of the last collapse, which IMO pushed steem much further down then it would otherwise have gone. It's a vicious cycle as the lower it falls the more of the primary token has to be created for conversion, and gets dumped on the market.

(https://steemit.com/utopian-io/@lostmine27/the-current-actual-inflation-rate-of-steem-is-quite-different-from-the-design-1545151936259 ).

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I see. I gotta say that having it as a "stable" way for funding proposals, and also having the exchange listings that give us these pumps sure is a great thing, this is definitely something to consider.

I think a layer 2 peg would be much more manageable, and prob better suited for any business that wanted to use the HIVE blockchain, but it's a tough call for me to say it should stay or go. Thanks for the insight.

As a content producer (and investor) I love the pumps HBD brings about; but hard to know if its in the long term interest. Also hard to know if it really made any difference to the price (cant isolate all other variables). Watching the next few days with interest to see if the stabilizer fund can kill the HBD pump (and kick off a Hive pump). Volumes don't seem enough but you never know.

We could just rename it HPC (Hive Pump Coin) and be done with it