So.... for Token that the whole point of existing is to be stable to the dollar, the proposal is to create fake scarcity by promising a random "interest rate" (wich actually is just inflation, since the payment come from new tokens minted), to make the HBD price rise?
riiiight....
Really... You people need to read a basic economics book...
I had to read that three times before I could even understand it.
Were you drunk when you wrote this?
No shame.
The dollar has nothing to do with it.
HBD only has to be a stable asset.
The dollar is the standard "stable" asset anchor.
We're creating "scarcity" by printing more tokens?
No, we are increasing demand.
Why would we want HBD price to rise?
The price is already too high we are trying to lower it to the peg.
Well, a lot of old whales have a lot of HBD on their accounts... need a better reason?
No, you are creating a fake scarcity, promising to pay people if they take the coin out of circulation. This leads to people buying more because they think they will "earn" more, increasing demand, pushing price up.
Pretty basic economic dynamic there.
hahahhaa
Seriously. Go read a economy 101 book.
If there was just a promise of a random interest rate, then you would be correct, that factor would drive the price of HBD higher.
But you're not taking into account the impact of the new Hive->HBD conversion operation which will keep the price of HBD stable (by enabling liquid Hive holders to create more HBD supply to drive the price down to approximately $1).
In fact, I think this one reason that witnesses aren't yet willing to set a higher interest rate on HBD, because without the conversion mechanism, it would lead to an increase in the price of HBD.
Wow bro your attitude is absolute shit. To have such a superiority complex and be so wrong at the same time... I just can't believe how many people there are in the world who act like this. Pretty mind blowing.
It's cool though I'll give you a free pass as you wallow in scarcity slavery.
Try to clean up your act when we're all millionaires.
There are so many tactics that will be used to stabilize the price of HBD.
The more stable it is the more demand it has.
The more demand it has the higher Hive token price goes.
I mean obviously you're not seeing the big picture here so I'll just leave it there.
I thought it would be obvious that wanting low demand isn't something that anyone wants.