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RE: Will HBD Regulation become one result of the LUNA UST de-pegging disaster ? 👀
Hive has been taking steps to being more and more like Nushares and Nubits. The long powerdown time kept voters conservative in monetary policy. By shifting from the long half year power down, voters don't need to think so long term. Still voters should be wary of allowing HBD to go above 30% of combined marketcap. What happened to all of that demand for UST overnight? It was all hot money.
There is too much supply side economics around HBD. If many people want HBD its price will rise and the pegging mechanism will correct that up to the allowable amount of HBD. Terra and Luna followed Nushares and Nubits, perhaps its time to get out of HBD.
0.00134236 BEE
What you mean, Hive is still 3 months power down???
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Not so, it is currently 13 weeks.
if I remember correctly, the original Steem period for powering down was six months. The reasoning was to have only those with diamond commitment to actually have control over monetary policy. Then it was reduced to three months to let those with wooden hands in. Then it was reduced to thirteen weeks. Now people want to reduce it even further. The Terra/Luna network has argued for longer powerdown times for those who vote on monetary policy better than @dan ever could.
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