RE: RE: The HBD Peg Conundrum
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RE: The HBD Peg Conundrum

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All the economics argue against that scenario. The stabilizer actually acts to increase the price of Hive, via it's buying activity. Even in the worse case, where every proposal that was paying out and is now not, decided to stop working until they got funded again (an unreasonable position to take, IMO, since they've been benefiting from the 1.3 to 1.5 price advantage of HBD for a while now), I just don't see that the value they provide can match that of the hdbstablizer. If that were true, then we should never have put any daily budget limit on the DHF, and we should be spending 10x or more than we're spending now. Because the ROI for the DHF is truly insane at the moment. Personally, I think it would even make sense for my team to stop development temporarily, despite it being the core, if that would have focused more money to the stabilizer. This isn't an issue, since we're not drawing any funds from the DHF now, but that's just to indicate how huge the value to the chain that's being delivered by the stabilizer right now.