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smooth

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2016-03-25 13:36

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smooth

4y

RE: Use Hive's Internal Exchange To Get HBD

Anyone can create unlimited HBD at 1.05 by converting HIVE. So any big pump in HBD past the peg not only results large amounts of HBD being created quickly, but in enormous HIVE demand, making HIVE

$ 0.114

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smooth

4y

RE: Use Hive's Internal Exchange To Get HBD

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

$ 0.320

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smooth

4y

RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

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

smooth

4y

RE: My Hunt for HBD | Providing HBD Liquidity on pHBD-USDC is The Smartest Thing You Can do to Moon Hive

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

smooth

4y

RE: Use Hive's Internal Exchange To Get HBD

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

smooth

4y

RE: Use Hive's Internal Exchange To Get HBD

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

smooth

4y

RE: HBD APR 20% but it’s scarce, so PolyCub on Polygon will provide a trading pair USDC.

The amount increases steadily too.

smooth

4y

RE: My Hunt for HBD | Providing HBD Liquidity on pHBD-USDC is The Smartest Thing You Can do to Moon Hive

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.

smooth

4y

RE: My Hunt for HBD | Providing HBD Liquidity on pHBD-USDC is The Smartest Thing You Can do to Moon Hive

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

smooth

4y

RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

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

smooth

4y

RE: How to Wrap HBD to pHBD

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

smooth

4y

RE: How to Wrap HBD to pHBD

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

smooth

4y

RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

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.

smooth

4y

RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

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.

smooth

4y

RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

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.

smooth

4y

RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

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

smooth

4y

RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

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

smooth

4y

RE: Where Should The Additional Support For HBD Come From? Bitcoin or something else?

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

smooth

4y

RE: Where Should The Additional Support For HBD Come From? Bitcoin or something else?

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

smooth

4y

RE: HBD Interest Rates Are Now 20% | We're Building a $5M Liquidity Pair for HBD-USDC

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.

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