AFAIK this only applies to buying HBD. So there is no off-ramp liquidity - this is one of the main things turning DeFi whales off from buying HBD Off ramp liquidity comes from the conversion of HBD into

I men because Kwon and friends from luna are stupid, doesn't mean we need it to be too. Even if they are stupid (or something else not so great), doesn't mean all their ideas are all bad. We can adopt

The overvaluation won't be permanent. It'll persist as long as it takes to create "enough" HBD to satisfy demand and then it will settle back to $1, which is ideal for other use cases. This is

how will outside whales figure it out They don't need to. Someone just needs to arb between the pool and the internal market.

There will be the same number of HBD/HIVE as before. The difference is the HBD is being placed in the wallets of individuals and not in the DHF. This is sort of true, in that nothing changes at the moment

The amount increases steadily too.

Oh we agree. I'm just suggesting that if you want to get a lot of HBD to fill the pool, this is the way.

If people consistently bid 1% over on the internal market, stabilizer will fill over 160K worth of orders per day. Mostly people don't. I understand the inconvenience (have to buy HIVE, have to manage

There are comments from others on why they don't like using another stable coin, especially the centralized one (even DAI has a lot of its collateral in centralized stablecoins, though I think it's less

As the DHF budget grows, due to ninja funding, inflation funding, funder posts, and stabilizer returning its profits, the daily amount will also grow.

Buy from internal market at 1% premium. The stabilizer will fill your orders, up to $160K+ per day, effectively increasing the supply. Yes, you are paying a 1% premium but considering APR you can make

If both fall, no benefit. If one falls and the other doesn't (or less), there would be a benefit. So there might be a benefit as long as they aren't perfectly correlated.

Wouldn't burning half the hive also halve what the witnesses and the pool gets? In HIVE it would but not in value if the price of HIVE went up.

I think the math that makes it work (somewhat) is that HIVE and BTC aren't perfectly correlated. So backing with some HIVE and some BTC is probably more stable under a variety of conditions than HIVE alone.

If you want to replace signers of a Bitcoin multisig you need to move the coins (potentially $1 million worth in this case) to a new address with a new multisig. To automate this requires some sort of

IMO at the current scale of Hive, witnesses doing multisig is likely to be unwieldy. The witness set changes, which means the multisig would need to be updated. And getting ahold of witnesses to sign off

I don't think there is a great answer. Crypto crash = HIVE down, BTC down, ETH down. DAI will have trouble in that situation because a lot of its backing is ETH. There will be many liquidations and it

Which successful crypto has increased less than 20% per year? Which do you expect to increase less than 20% per year over the next ten years. Truly long term, I definitely agree, but that may be a very

Okay as an experiment I changed it to +0.5% for now. I'll see how that works for a while and decide whether or not to make it permanent.

No guarantee the 20% rate will be available for 20 years, or even 1 year for that matter. But for now it is a great opportunity.