RE: Hive Backed Dollar (HBD) Is Becoming A Stablecoin

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There is a total of 10M HBD supply at the moment

Then a millionaire person could easily buy the whole supply.

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Then we could convert a lot of HIVE to hbd and decrease the circulation of HIVE.

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Why though? There’s no real use for HBD. It’s not a stable coin at all. I say we loose it next fork and have it exchanged for hive in a fork

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And what would that do? The person might earn 7% which would be great.

So I am not sure why that is a downside. More can simply be created.

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(Edited)

The supply will expand to meet demand, and any excess they pay is channeled into demand for Hive. That's what the stabilizer does.

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