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smooth
@smooth
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2016-03-25 13:36
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smooth
hbd
6y
RE: Why I set my witness HBD interest rate parameter to 3%
It also reduces inflation if it contributes to a long term increase in the HIVE price. HBD and conversions increase inflation when HIVE is declining in price (a situation all too common with Steem and
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smooth
hbd
6y
RE: Why I set my witness HBD interest rate parameter to 3%
I think that is about right (possibly exactly right). I'm not sure without looking at the code whether the scheduled backup is included in the median or not.
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smooth
hbd
6y
RE: Why I set my witness HBD interest rate parameter to 3%
Agree on all points
smooth
hbd
6y
RE: Why I set my witness HBD interest rate parameter to 3%
If by "current market value" you mean this instant, then yes it is a bit overvalued, but mostly it just isn't that stable. On several occasions in the past week and even in the past 24 hours,
smooth
hbd
6y
RE: Why I set my witness HBD interest rate parameter to 3%
Not disagreeing here. Even though it is different from my initial suggestion, I'm happy to see you setting a meaningful rate. BTW, I'm not that concerned about interest causing a large overvaluation. Once
smooth
hbd
6y
RE: HBD stabilizer proposal
There is no inherent connection between demand for HBD and demand for HIVE. Yes you could have $10 HBD but that wouldn't imply $100 HIVE or even $1 HIVE without some way to channel demand for HBD into
smooth
hbd
6y
RE: HBD stabilizer proposal
Proof of donation smooth author reward: 22.968 HBD and 100.752 HP for @smooth/hbd-stabilizer-proposal 2 minutes ago
smooth
hbd
6y
RE: Supplemental funding for HBD stabililzer
I was laughed at when I suggested that putting 'quality' content on the chain increased its value, in a certain discord. I'm not saying you were wrong, but if you were, then it's pointless to be paying
smooth
hbd
6y
RE: HBD stabilizer update
I ported my old market maker bot from Steem and it is now forcing much tighter spreads on the internal market (usually well under 1/2%). This has a synergy with the stabilizer since the tighter spreads
smooth
hbd
6y
RE: Supplemental funding for HBD stabililzer
Authors should focus on making contributions that raise the price of HIVE (and downvoting rewards to those who don't), thereby increasing rewards that way. Price changes are easily more than 10%, often
smooth
LeoFinance
6y
RE: Binance Smart Chain --> Hive Smart chain Version
I like this idea. Do you happen to know, at a technical level, how the side chain and token equivalence is implemented for Binance Smart Chain? Or where there is information about this to read.
smooth
hbd
6y
RE: HBD stabilizer update
BTW looking at the prices right now, I do expect it to trade on the next cycle (in about 10 minutes), if things don't change of course.
smooth
hbd
6y
RE: HBD stabilizer update
The algorithm is published (see my feed). It looks at the average HIVE price from top exchanges (because that is more liquid and the price quotes more stable compared to HBD prices) and then compares that
smooth
LeoFinance
6y
RE: HIVE NEWS @ 22 February 2021 - Diesel Pools on Tap
Worth noting that the HBD stabilizer proposals return all of their funding (and potentially additional profit) back to the DAO, either refunding it as received (when HBD doesn't need stabilizing) or after
smooth
hbd
6y
RE: Supplemental funding for HBD stabililzer
I like my HIVE at $7
smooth
hbd
6y
RE: Supplemental funding for HBD stabililzer
There is still no guarantee it will hold $1 all the time. Nor was it ever guaranteed not to. You pays your money and you takes your chances. What @pfunk said too.
smooth
hbd
6y
RE: Supplemental funding for HBD stabililzer
To start with I don't trust reported volumes at all, and it's really unclear, even if volumes are legitimate, how $X in volume translates into $Y amount needed to move the price (and at what rate). They're
smooth
hbd
6y
RE: Supplemental funding for HBD stabililzer
Speculators betting they can sell it for even more than what they pay would be my guess. These probably overlap with some or all of the groups you suggest. Ultimately it doesn't really matter except that
smooth
hbd
6y
RE: Supplemental funding for HBD stabililzer
Conceivably, if unlimited budget were available, and if there weren't some value in starting a more modest soft-launch level (as stated in the original proposal). I didn't say in the post that the original
smooth
hbd
6y
RE: Supplemental funding for HBD stabililzer
It is still possible to sell HBD for well more than what it costs the blockchain to create it.
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