If both fall, no benefit. If one falls and the other doesn't (or less), there would be a benefit. So there might be a benefit as long as they aren't perfectly correlated.
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If both fall, no benefit. If one falls and the other doesn't (or less), there would be a benefit. So there might be a benefit as long as they aren't perfectly correlated.
but would it be not smarter to buy another stablecoin to back it?
For example 500k usdc and 500k busd ( or other, but not algo).
I mean that would really stabilize HBD and the funds could be used at some time to add liquidity on a pool.
No upside potential, but no downside. We dont need to stabilize HBD in an uptrend to hold 1$ value.
Is more if market crush and hive is worth nothing again and HBD starts to struggle again too.
IMO would be more word as a "emergency fund".
My understanding of " emergency fund" is something we can use in bad times.
But maybe I'm wrong, who knows.
There are comments from others on why they don't like using another stable coin, especially the centralized one (even DAI has a lot of its collateral in centralized stablecoins, though I think it's less than it was at one point). Seems a debatable point to me.
I don’t think we even need HBD. This all seems like a waste of time. Better spent focusing on Hive token and use any intermediate stable coin people want instead. HBD in my humble opinion isn’t needed and it’s proving to be more work then it’s worth.
I mean only from points of logic i would prefer a stablecoin.
because the emergency fund is not needed if bitcoin goes moon.
If bitcoin goes moon, likely everything moons ( a bit more or less). Also we have same amount of HBD and profit 0 from it. And since we don't trade it, what's the point?
In a bear bitcoin will loss massive value, I know people think this time is different, but why then emergency fund? :D
Just in case bitcoin goes to 10k again, the emergency fund loss 75%. LOL
a fund for an emergency. I men because Kwon and friends from luna are stupid, doesn't mean we need it to be too.
It IMO a leverage for more panic that cost the network 1 Million to have a potential 250k emergency fund. And yes emergency for bad times.
In real world, not crypto, nobody would purchase such a product as an emergency fund. Only for Info.
Some sidenote:
All recent ideas on hive a copy and paste. I remember the save moon tax idea. Now the emergency fund. Instant power down tax and so on.
I see last time 0 innovation on ideas ( not speaking on scaling tech). And a lot more of those ideas...
The only part on hive that really unique is the freedom of speech part and social.
I know we don't talk about bear and bad times, but it goes in the corner of "red queen theory".
Even if they are stupid (or something else not so great), doesn't mean all their ideas are all bad. We can adopt and adapt, but we should also be selective, and have our own ideas too. I think we do all of this.
What is that, I don't recognize it.
cant tell you the exact rules that were for the idea. But something like every time you power down you get taxed by x% and the faster the powerdown the more tax.
I mean Hive is not the most investor-friendly chain, but pay to sell? :D
U were spot on and it’s been proven the past weeks.
Thank you!
But it was IMO pretty clear :P
Agreed, but so many still don’t see the issues. It’s nice to see a understanding take. I just wish the focus would be growing Hive not HBD. To me this makes no sense at all.
Have a good day weekend
Cheers 🍻
Have a nice weekend too buddy!
At this point I would rather us fork and get rid of HBD all together. Give all holding it a set amount of hive tokens. This just doesn’t make much sense anymore. Just my opinion