I feel I should add, for it is essential for perspective the total supply of HBD
| current hbd supply | 16,665,308 HBD |
| current supply | 377,662,030 HIVE |
More than half of all HBD is on centralized exchanges. Now the HBD is 8% of the total Hive/HBD supply. HBD supply gets above 10% at should the price fall below 0.485 USD/HIVE. This would make the HBD no longer 100% backed.
RE: Almost 10 million HIVE withdrawn from the exchanges in just one week!