RE: Some Thoughts On Hive Backed Dollar (HBD)

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what I have noticed with people investing in crypto buying coins is: they are looking for a short term return and not something very stable like HBD.
one of my doubts regarding the HBD is: why can't it go above 1.50? I remember that one time I broke the 2 dollars.



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HBD Stablizer is using a tremendous amount of HBD to ensure that does not happen. Also, with the different conversion mechanisms in place, market arbitrage will keep that from happening. As more people convert Hive to HBD if the price was up to 1.50, that would flood the market with HBD being sold.

That will push prices down.

Having a stablecoin that is not very stable defeats the purpose. The eventual goal, in my mind, is to get the token used for commerce. For this to happen, merchants need stability.

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