HBD is abstracted HIVE debt. It sounds useful but would just be giving liquidity to the market. Not good, not terrible. People that actually want to sell HIVE sell it on exchanges, we can't use HBD to buy HIVE in exchanges and people looking to do it in the internal market are just looking to invest in HIVE to get the HBD yield, so it is just giving liquidity to them, not terrible IMO but not very useful.
We wouldn't be burning anything in practice if we print HBD to buy HIVE. We would be giving HIVE in debt (HBD) for in exchange of HIVE in liquid form. Both are HIVE. HBD is Hive backed, it only has value because it is inherently and directly convertible to HIVE. People that wanted to swap or convert HIVE into debt (HBD) would just have a liquid way of doing by exchanging with the printed HBD. You burn the HIVE, they still have the same value in debt form as HBD.
We are already printing it and I'm betting that's not going to change, so think of it from that standpoint
Are you trying to ragebait me? This is one of the dumbest things I have read because you are trying to turn into a matter of opinion what is an economic and programatically objective mechanism. HBD is convertible to HIVE. At the bottom line what you suggest would devalue HBD, value HIVE and at the end the HBD would be convertible back to HIVE, possibly at a better rate. Are you forgetting we ALREADY HAVE A BLOCKCHAIN NATIVE FUNCIONALITY TO CONVERT HBD TO HIVE THAT ALREADY EFFECTIVELY BURNS HIVE? Without manipulating the market to do so and without lower risks of expanding the monetary base?
If you print HBD to buy HIVE you are essentially cutting the native mechanism that ALREADY EXISTS that converts HIVE to HBD.
I repeat, it ALREADY EXISTS. Users already can convert HIVE to HBD and the converted HIVE is burned.
What you are proposing is printing HBD beyond what the demand may already exists and create a secondary mechanism to convert HIVE into HBD.
I highly recommend you taking a step back and reading Hive docs about what HBD is and the native "DeFi" options such as HIVE <-> HBD conversion, you seem to either not know about existing functionalities or to lack understanding of how they work.
Printing HBD to buy HIVE is not burning anything because HBD is HIVE. It is a leveraged operation that may even INCREASE the supply of HIVE because HBD is directly and inherently convertible to HIVE, you are just GIVING LIQUIDITY because you are taking away the 3 days needed to convert.
You rage way too easily and read more into shit than what is there. Keep up that tact or lack of it and you won't get too far
By the way, I believe you can send any token to null for burning, so you really wouldn't need to convert it, but thought that using it to raise the price a bit would be a better use.
So, what I was actually doing other than faux rage baiting you was to start a convo offering an option that could lead to a back and forth, which could potentially lead to more options. I guess you're more of the "my way or the highway type of guy."
I tried to explain patiently but you fail to understand HBD is HIVE and there is already a mechanism that burns HIVE and returns HBD exactly as you describe. You are proposing giving liquidity to an action that already exists and failing yo understand why it is NOT BURNING ANYTHING because HBD IS HIVE
LMAO, yeah it's me not understanding. Have a good day, I won't bother you again. Good luck, you're going to need it