Good points.

It is dependent on Hive yes. You can't guarantee value unconditionally and out of thin air. The stables that have claimed to do this are fraudulent. HBD isn't because it makes clear you are subject to

Those spikes up to a 1 million HBD/day are incredible considering that it is all verifiable on chain and that this market was practically dead for years.

wouldn't that effectively result in the devaluation of HBD on the markets It could but as we've seen the price of HBD is market-determined and doesn't necessarily align with exactly how much HIVE it could

50% of the value (based on the current median price The instant conversion uses the minimum price over the previous 3.5 day window, not the current median price. The HIVE converted conversion calculation

Low demand for HBD. Beyond that I don't really know. Considering the exchange pumps that sometimes happen (and then steady drain of supply from exchange when there are no pumps and it gets boring), spot

I set it at 20% and advocated for others to do the same when UST was paying 20%. I felt it was important to be competitive in the DeFi space at least on a temporary promotional basis even though everyone

Typo in the title?

(As long as HIVE retains some value.)

Strange coincidence that Silvergate, SVB, and Signature were the three banks that were allowed to fail or shut down and only then was a backstop put in place to prop up all of the rest. These were the

Or a replicant. She doesn't know.

came 100 percent from my head and registers as more than half AI. You're obviously a cylon.

Where are you going to go if the rate drops to say 12% or 15%? You can't get that elsewhere anyway.

Not familiar with it.

That's good to know, thanks! No one was able to connect with him back then.

The @bitcube account has been idle since 2016, and that happened suddenly without notice (prior to going offline, there was active engagement). There was a theory circulated that the person behind it may

You're confusing equality with decentralization. They are not the same thing.

We bumped small/new accounts by FAR more than 50% when we got rid of n^2 and then again when we got rid of convergent linear that "penalized" small payouts. It didn't make a lot of difference.

Are you saying that bootstrapping the currency by distributing it widely to achieve the network effect is not what we are doing here? Not very well, no. The actual, active human, non-bot, non-spammer user

It is unlikely (essentially impossible) that the 20% can or will last forever, but forever isn't really very interesting. It could, plausibly, last for 10 years: If HIVE increased by 30% per year, which