RE: UST: Incompetence, Greed, or Both?
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HBD can't even go above 10%, which is something I've talked trash about multiple times but, in the wake of this disaster I have more respect for it.
Growth versus security.
Always a balancing act if you want to survive long term. Obviously, security was not given much of a consideration throughout the process leading up to this.
Fortunately on Hive, we have people who obsess about it. There are a lot who game theory different aspects of this chain all the time. This allows for ideas to stem forth.
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The interesting thing about the 10% haircut is that we will be forced to increase it if demand to hold our debt increases and the peg breaks to the upside because of the haircut. The haircut only exists to protect us from the downside. However, it's hard to imagine the demand for HBD to increase exponentially without the demand to buy Hive increasing exponentially.
I would agree. The impact of HBD should roll over into HIVE. This point I think it clear. However, as you mentioned we have the safeguards in place to help protect against what happened to Luna.
One thing that we need to start discussing more in my view is how to enhance the return on people powering up HIVE. This is one thing that will help, make HIVE more attractive to HODL.
Reduce the float that is not staked, increase volatility which means upside moves. While the reverse can be true, if the incentive is high enough, the drops become BTD.
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