RE: Some Thoughts On Hive Backed Dollar (HBD)
HBD Stablizer is using a tremendous amount of HBD to ensure that does not happen. Also, with the different conversion mechanisms in place, market arbitrage will keep that from happening. As more people convert Hive to HBD if the price was up to 1.50, that would flood the market with HBD being sold.
That will push prices down.
Having a stablecoin that is not very stable defeats the purpose. The eventual goal, in my mind, is to get the token used for commerce. For this to happen, merchants need stability.
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