RE: Stabilizing HBD
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As I understand - one of the major features missing to allow HBD to be a "true" stable coin is an option to create them, right?
A whale locks up $2M worth of Hive and creates 1M HBD
0
0
0.000
Yes, we got completely fucked over when SBD spiked to $13 during the 2017 bull market, the effects of which are still being felt today. We couldn't keep up with demand.
Can this method of creation can be implemented into current HBDs? If the whale in the given example would like to receive back his $2M Hive, simple conversion would not work because $1M HBD -> $1M Hive. I wonder if we need completely new type of HBD or the generation process can be implemented with existing ones :)