yes luna is an obvious Ponzi.

And an attack on hive in "inflating underlining asset" is only slow and steady possible with a volatile market.

But, I see no difference between the stablecoin from luna and Hive. And that's precisely what I'm writing above.

If HBD is on haircut limit and hive price drops 50%, HBD is worth only 0,5$ How can this be a stablecoin?

Can also destroy lives and start a death spiral caused by trust.

From Bull to bear Hive can also fall 70% from high to low. Luna was weeks on top.

Those weeks can allow to build up HBD in terms of hive.

And with that debt in mind and an unstable stable coin, where is the difference?

UST becomes unstable because the internal swap mechanic stops fair pricing, arbitrage was not possible and luna market depth could not absorb it.

it starts early with around 10-25% difference, i have screenshots from it.

The chain-killing inflation comes after "peg the token again".

Back to the point, the only difference to hive is, that the underlying asset becomes not inflated that much, and the stable coin becomes worthless ( not stable).

Why not delete HBD and create a dai copy? No inflation risk and bear market-proven?

I like this idea for years and it's solid. No impact on inflation is a super power.

And Btw, 30% are theoretical. If someone converts HBD to Hive in increase the Hive market cap and allow to convert more next time.

so if 30% of the 30% would be converted and again we end up with 50% if price would be the same.

If the price drops because of new HBD the stuff can become worse and worse.

will be always a smooth exponential curve.