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RE: Signalling for 20% HBD interest
Do u have any thoughts on putting a proposal out to use 1M usd of the dhf to buy btc and then put it into a multi sig account that guarantees a 1:1 conversion to HBD on hive internal market thus partial backing HBD with btc? Bitcoiners would likely start to see hive as a btc side chain at that point. Especially if we had a way to tip content on hive with lightening (which is basically already ready with BoL’s V4V system)
0E-8 BEE
I'd support this with a lower exchange rate, essentially a backup, maybe 0.98 or so. This would also have the advantage of avoiding depleting the BTC backstop quickly. Right at 1:1, a lot of BTC might get redeemed. At 0.98 , it won't unless there is real stress on HIVE/HBD.
In the event that the BTC does get redeemed, this accrues a small profit to DHF, which always values and can exchange between HIVE/HBD at 1.00
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Great idea, I would definitely support it.