They removed the "haircut" a couple of forks back. As it is now, the "equity" Hive, is less than the HBD "debt"...

I talked about this to several people at Hive Fest and everybody discussed the situation as if the haircut rule still existed. If there is no haircut then the situation is worse than I realized. What's to stop us going the way of Terra now?
!PIMP
!BBH
!ALIVE