Or it will become a pool tool. This would make abuse more difficult.
for example. NO fee.
Pay hive in and there will be 24 parts ( each hour one part) for converting.
Because there can be only abuse with the Hive price ( for converting both ways). There is no other way. And 24h would fit the problem.
Or instant conversation 10 days average price. Would be work IMO too.
Fee protect abuse in some way. But 5% are really high fees ( for money).
And fees also bring the average user to don't use it. 0,5% to 0,3% are better IMO.
We want a lot of people to use it to print on demand. There must come pools with super large supply that pays out a ROI if the price becomes over 1,0X$. But the fee fucks in the end the investor.
Nobody pumps HBD if there is a way to print a million in a fast and easy way. We only need to think about protecting hive in the other way.
Every time I think about it, I always think, the current design of the stable coin is bad.
To much influence in the network, less benefits and complex design.
On Hive are many things difficult to understand. A stable coin should be the most simple Tool. Because the current HBD will never work in a sexy "we can use for payments in real world" way.
RE: Some speculation on HBD price movements and how it impacts proposals