RE: Hive Fork 25 Curation Reward APR
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I am tempted to shift a stash into HBD Savings, but still don't quite trust it to sit at $1. Today it's a 0.96. If that trust could be made, and the word gets out.. it might become too popular.
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the 5% fee will be a problem for large investors. I would never buy a large junk hive and convert it to HBD because of the fee.
I don't know why, the abuse potential is not that high as the potential gains for Hive. Special because it has a timer. Fee and Instant or timer. Both makes HBD useless again for larger amounts and useless as a stablecoin.
Stablecoin must always be on demand.
20M$ would be a shit ton of Hive burns.
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One can use the internal market to get around that surely? Would need to wait until the orders are filled though. I forgot about that 5%.
but it isn't on-demand.
1 Million is in Fiat not that much. Even 100 Million. It is impossible to buy nearly that much HBD.
So the coolest thing would be buy hive and convert it right? But 5%? lol that's a super retarded high and random fee IMO.
0,1%-0,3% would be "fair" but then no time penalty. Both make HBD useless again. Also make HBD a peg token on other chains is not possible with that fee.
If hive would moon, for example, I prefer tether/dai. Even as a hive user. No fee and an unlimited supply are available.
I don't want to be a crying bitch, but IMO HBD is the most useless stablecoin out.