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Speaking of price manipulation the koreans are at it again:
This has been happening over and over again since Hive came into existence:
- The HBD price tanks on Upbit.
- They buy at a discount.
- Convert it.
- Sell Hive for BTC.
- Rinse and repeat.
If I had the capital I would arbitrage the hell out of their shenanigans.
The witnesses should protect the network from this by modifying the bias factor so that conversion don't pay a full dollars worth of hive and instead incentivize holding HBD by paying interest instead some want to reduce inflation...ffs.
RE: HBD: 10% Debt Haircut is Too Low