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This bidding system failed on MakerDAO during the COVID crash because gas fees ground the network to a halt; another reason why Hive is superior. Many investors lost their money simply because there were no competing bids on the clogged system. Hive solves this.
This.
I fully agree with the entire post.
If I could devote all my daily voting power to this post, I would.
RE: HBD Collateralized Loans: How to reduce Hive inflation to zero percent without hurting the reward pool.