HBD Discussions Back on the Table

Yesterday I saw a post drawing attention to @smooth's proposal to attempt to better stabilize HBD's price around its peg.

The proposal is easy to understand, and if the reader is unbiased or doesn't come with the mind made up that HBD should be eliminated, it might even do some good.

How much good? That's debatable. See, in his post, smooth presented a long term chart of HBD. And it seemed relatively stable, so worth improving this stability.

Well, for reference, I thought I should also include a full chart of HBD.

A tokens that goes up or down by 50% is not pegged and will never be in these edge cases.

I'd also like to point out the comparative intra-day price movements of Hive and HBD, as shown on PeakD via the widget from Coingecko:

I check the price of Hive seldom and the one of HBD even more rarely.

It's probably unlikely that all comparative intra-day charts would be relatively similar in volatility. In some cases, HBD might look like a stable coin.

But in this case, Hive was "down" 4.5%, while HBD was "up" 5.5%. HBD was even more volatile than Hive, and has no resemblance of stability.

Could the proposal of smooth fix HBD pegging? Definitely not, in my opinion.

Could it attenuate HBD volatility in normal market conditions (no pumps or dumps, no high volumes)? Probably.

Is it worth implementing? To the extent HBD will remain and chances are it will for the foreseeable future, and given it has or might have some collateral benefits explained in the proposal, plus the attempt to push for offering interest on HBD held in savings account, which is being discussed, I think it's worth implementing.

Your thoughts?

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