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RE: My Thoughts on Creating a Bitcoin Fund From DHF to Partially Insure HBD Pegging

in LeoFinancelast year

I have a feeling that HBD is just trying to follow UST's footsteps and I don't really think BTC is needed when there is already Hive. From what I saw in the proposal, I think their idea was to use BTC when they need to stabilize the price of HBD and I see no reason why using Hive isn't enough. It may be slower but I just see far less risk in doing it using Hive.

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Yes, it does seem like this is pushing towards Terra's footsteps. In some cases it might be good, in others in might not be the best decision.

Yes our pegging mechanism works, but it's quite loose, and that's not what stablecoins investors are used to in crypto.

But maybe we can set a different path and convince some type of the stablecoins investors to take it.