— VerifyYourBrain

whatsup in #hive-167922 • 3 years ago

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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3 years ago in #hive-167922 by whatsup

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mistakili 3 years ago

Wow. Okay who is Lyn Alden 🤔

Lol yeah Stablish is the word

0.01 VYB

2 votes

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whatsup 3 years ago

She's in investing, came from the mainstream, but also has a fairly realistic, not perfect view of crypto.

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0.00 VYB

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mistakili 3 years ago

Ah thanks I’ve found her Twitter.

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0.02 VYB

2 votes

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urun 3 years ago

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.

0.01 VYB

1 vote

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whatsup 3 years ago

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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0.96 VYB

2 votes

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clipoftheday 3 years ago

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.

0.01 VYB

2 votes