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RE: Core development proposal year 2

in #hive3 years ago

voted, looking forward to the upcoming development and HF25, and the return of the linear reward curve. Regarding HBD debt I think we still need to be cautious, it's not a problem in a bull market, when all prices are rising, but in a bear market, HBD debt puts a lot of price and inflation pressure on HIVE (because HBD is not backed by fiat but only HIVE). Steem for example had an annual inflation rate of over 20% due to SBD debt during the bear market, although most users thought inflation was below 10%. Idea: what do you think about putting some of the HBD from the DHF (or the HBD stabalizer) into USDT instead of HIVE during the bull market to back the DHF?

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Thanks !

The problem with it is that it cannot be done in a trustless way, we'd have to have someone or "something" like a fundation to manage it and it's a whole other ordeal, but that argument could be made, like the monero foundation making investments, some of the dhf could be used to be profitable instead of sitting around. I think the idea was discussed a while ago and stakeholders were against it as but feel free to reopen the discussion :)

Also re-inflation I think it's going to be fine because after hf25 you'll be able to convert hive into hbd, thus "burning" hive.