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RE: My take on the increased HBD price and it's impact for proposals

in #dhf3 years ago

If proposals all have an About clause would that not solve the issue

What do you mean ?

then why not a system to peg the requested HBD to a Weekly dollar amount. If the price of HBD goes to up to where they are receiving $2200.00 then simply reduce the amount of HBD for that week by 10% to the individual. Likewise if the price declines and they are only receiving $1800.00 then simply increase the amount of HBD to the requested dollar value. They still receive the amount they needed in dollar value of HBD.

I mean yes that would work but it's treating the symptoms (proposals get paid too much or too little) not the source (hbd not being pegged). And it's a pretty complex system that would require a new price feed for HBD which is kind of an aberration considering we expect HBD to be pegged.

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The about clause was a conversion to dollar amount, example 100 HBD or the equivalent of $100.00 dollars in HBD.

Yeah it does nothing to fix the HBD peg I guess, but it would make it easier on people doing proposals to determine how many HBD a week they would need to meet their funding needs.

With the price sometimes rapid up and down of HBD, I guess it would be difficult to code something like that and to track it. One week 20 HBD needed the next 200 HBD needed.

Maybe a couple more months of the @hbdstabilize program will see a change.

Well assuming a working peg, people can just use 1$ = 1hbd.

Maybe a couple more months of the @hbdstabilize program will see a change.

I very much doubt it will last more than a few months, hf25 should quash the upward peg with the new hive -> hbd conversion change and we should be back at normal :)