RE: Could HBD Change DeFi On Hive?
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I've never been a HBD or a SBD fan. It's to confusing.. it's never worth $1.. it's not like there isn't other stable coins out there.. I would vote for eliminating it completely... if a business losses money because the token crashes so what.. they make up fot it when the token price rises. HBD is currently $1.61.... SBD is $9.73... neither one of those seem very "stable" in fact those tokens are cutting into the HIVE/STEEM market cap. Eliminate them and the token price goes up. Everybody wins. Bottom line a stable coin that isn't stable is actually a shit coin.
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I dont see how eliminating HBD will send the price of Hive up.
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Really? Maybe I'm stupid.. but if HIVE has a market cap of say $200M and HBD has a cap of say $8M to eliminate HBD one would have to "buy" all the HBD with HIVE giving HIVE a market cap of $208M. If someone bought $8M of HIVE I'm betting the price would go up.. isn't that how market caps work?
It could be done using the existing Hive that is out there and converting it so I am not sure it would have much of an impact.
I dont think you would see the situation where $8 million worth of new money was coming in and adding to the market cap.
It basically would be existing tokens out there being swapped.
But hey, there are people a lot smarter than me working on the problem.
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