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avatar of @markkujantunen
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@markkujantunen
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What are the implications of HBD staying above a dollar? I know it is supposed to be a stable coin but what's the impact on hive?

Some of the potential demand for HIVE is redirected to playing with our stablecoin that unfortunately has always lacked an upside peg.

and asides from dumping, what other measures can be implemented to regulate the price of HBD?

Not much that wouldn't require precious developer time.

But if developer time were available, I think the best possible solution would be a stablecoin that used HIVE as well as many other coins as a collateral the same way multi-collateral DAI, the algorithmic stablecoin on Ethereum, does. DAI has attracted a lot of capital because it allows a holder of ETH and ERC20 tokens to use them as collateral for a loan taken out in the dollar-pegged stablecoin DAI.

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