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RE: Where Should The Additional Support For HBD Come From? Bitcoin or something else?

in #hbd • 2 years ago

Backing HBD with other coins is more risky than the gain.
We should not discuss this further until Hive has atomic swaps to other assets.
For now our only atomic swap is Hive/HBD.
What we need is more liquidity for Hive/HBD is protect the peg.
And we need to jack up the haircut so it doesn't kick in unless we really need it.

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2 years ago in #hbd by
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     2 years ago (edited) 

    And we need to jack up the haircut so it doesn't kick in unless we really need it.

    Honestly I think this is the major risk, and I think 50% will be just fine ... but still better 30% then the ridiculous low 10%

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     2 years ago  

    In the end it doesn't really matter because during a mega-bull run the haircut will be triggered by legitimate demand and HBD will break to the upside, and then witnesses will be forced to increase it out of pure necessity.

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