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RE: SEED Holdings report #19 - Extended review of all assets
GM fren, have a nice time with your family!
The 12% thing is random IMO, some witnesses increase it without asking somebody. IMO nothing that should happen. Sure 12% is nice, but what if it increases to a point it becomes unsustainable? Also what if it randomly decreases and hurts the value of HBD?
But for sure, for now it is really nice :)
0.00640624 BEE
How will it advance to the point it is unsustainable?
What level is that? Have you run some numbers to figure that out?
I have and 35% is more than sustainable.
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depending on the amount in savings + demand + timeframe + market swings.
A fixed number doesn't work IMO.
The problem with HBD is, it is a solid stablecoin. It's not backed by a promise, it's backed by hive.
So we should be careful. Also, the interest is given without adding value in exchange.
12% for liquidity provider hive/HBD would be a good thing.
IMO we are in a testing area.
Luna did the same with a Luna backed stable coin. I would prefer to watch first what happens there ( after a market crash) before we start crazy things here.
It's a very new way for a stable coin, so we should be careful to build the best version and not the fastest.
In terms of printing, If we want to print more HBD faster ( i not recommend),
We could airdrop over 12 months HBD to hivepower stakeholder. So the total amount increase. Because the % would depend on Hive power, everyone should have after the airdrop the same % in total.
But that would be IMO a super risky play, also the rates need to be calculated super smart.
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Nope, it has been discussed before as far as I remember.
The problem now for HBD is the debt limit at 10%, I hope witnesses increase it up to 30% on the next HF (although 20% would be nice).
HBD in savings are almost negligible on the whole blockchain. I would like to see this 12% being increased up to 20% (or more) and start printing HBD.
More than ever, HBD is the 'killer app' of HIVE.
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I agree it is a killer app of hive.
But in crypto we tend to swing really heavy. So 20% in-dept on hive can be in worse case bring a lot of inflation, if we hit a bear market again.
I would like to see more social users first because it increases to massive.
Interesting is only 7 witnesses increased to 12%. So I don't know.
Worst case, if Hive print too much HBD can end up in 2 cases.
or
Think about 10$ hive for 2 months, how much this would print.
And a year later again 1$ or less?
And if converting should begin back to hive on lower levels, this adds additional sell pressure to Hive.
But sure, that's the worst case, but in crypto not that unlikely. Ethereum falls also from 1200$ back to 150$.
Bitcoin from 20k to 3k.
HBD is a positive and also a negative catalyst, so swings should become more extreme.
Anyways, GM!