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RE: Pretend the HBD haircut already happened. What would you do? A Cry to witnesses, holders and Hive full-time employees

in Ecency • 16 days ago

I think that the oil analogy doesn't hold because the DHF is not wealth, HBD has no value, it is effectively backed by the demand of HIVE in the exchanges, if the buy book of HIVE has 200k USD in buy orders and we finance something with 1 million HBD actually that 1M can only get 200k USD in fund because it will drain the order books

DHF and HBD is not money and that is the whole economic problem that pushes us down, HBD directly correlates to HIVE sell pressure in a market that has low liquidity and low demand

16 days ago in Ecency by
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         16 days ago 

        Totally agree, DHF is not money. By being distributed it's only diluting the circulating supply. The problem is that people consider it as money and build their business model around it. It's much easier to ask for free money than to actually build a real business, get customers and develop products and services...

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