RE: The HBD Peg Conundrum

avatar

You are viewing a single comment's thread:

I've already voiced my opinion on this matter in a few other places. I agree with you it's very short term thinking if not even a little grey area thinking in terms of integrity. I understand that HBD is suppose to be a stable coin. However we all know it's clearly not nor has it ever been.

So what is it going to take to truly make it a stable coin and is it even possible? I'm almost thinking it's not possible since payouts are 7 days. You'd have to almost predict what the markets will be 7 days from now or am I wrong in that thinking? If not possible then why do we even have HBD and instead just pay out in HIVE and make more of it liquid and change that structure around.

In any case it's been broken since the start of HIve so instead of some crazy manipulative plan IMO devs sit down and figure out the long term solution. It's what they get paid for right? If you can show me a solution you have my vote. You do not have my vote to simply sell off a bunch of HBD to fund the dev pool which lets be honest can be abused and most people on this platform don't use it, understand it or maybe even know it exist. The UI for proposals should be clean cut and easy to understand for every hive user be it they have 100 powered up hive or 1,000,000 it should be easy to follow and see what's currently going out and being worked on, what's being proposed etc. Those are the areas that we should be working on, spending our time on and investing into.



0
0
0.000
1 comments
avatar

To be fair, the experiment that @smooth is currently conducting could possibly provide some tangible data to help devs create the framework for the peg, or decide if it's even possible. With things like this, you need to do it manually for a while to even get a grasp on how to make it happen programatically.

0
0
0.000