HBD post 070525
In this post, I want to talk about HBD.
Right now, the market cap of HBD is $34,539,624.
The Hive Dollar is just, a Dollar of Hive.
4.22 HIVE for 1 HBD on the Market right now.
It's like Candy wrapped up and delicious! How many are there?
475,635,715 HIVE + 34,416,110 HBD
≈ 618,441,154 HIVE
I asked the question last month, "What would happen if 1 Billion dollars was locked up in HBD?". Today I am thinking about the near-future. What will happen when HBD market cap reaches 100 million and how long will it take? What is the current growth rate of Hive Dollar supply?
A review of Hive Finance 202505 by @Arcange, suggests only 5% of the total HIVE supply [618,441,154] is staked HBD, (30922057.7 HIVE worth?) = 7,327,105.26 HBD staked?
That seems more manageable, so even with HBD savings growth of 12,163,140.397 HBD to 19,490,245.657 HBD over the next 7 years, the debt limit should be kept under 10% to let HIVE rise.
Would saving 50,000,000 HBD push the Hive price to $1.00?
Would you sell your HIVE at $1, $5 or $10 ?
Will you have 3 HBD to swap for 1 HIVE at $3?
HBD debt fell from 11.6% in August 2024 to 3.61% on January 7th 2025. It has since risen again up to 8.5% and is now 7.334%. If it goes over 10% the blockchain stops printing HBD rewards, and all rewards are paid out as Hive Power, staked.
Many users will have the opportunity to swap HIVE at $2 again,
What are the reasons HIVE stays low, is it related to the size of the market?
If we think about how user-friendly it is, how easy it is to use, how many active users are authoring, commenting and curating new posts each day, a simple analysis could reveal clues. However I look up at the Trending stories and I see countless users thriving and Hivving! Doing conferences, exercising, starting new groups dedicated to various sports and clubs, recipies, crypto info, human artwork, ai artwork too, and so many discussions and conversations taking place.
We should be patient, and persistent.
Dedicated to composing high quality content, and increasing the value of our chain.
With a low HIVE price, users can acquire extra Hive Power for their earned HBD.
With a high HIVE price, users can save more HBD and use HBD in transfers.
Today users may rather spend HIVE than HBD because it is cheaper, but if Hive is more valuable then will users feel comfortable gifting or spending HBD, which will seem cheaper? I also see that users are spending HBD through different apps and means. Did you know you can setup 'recurring transfers' and send a user a certain amount of Hive or HBD, in multiple transfers automatically?
What is the HIVE BLOCKCHAIN mechanism that keeps HBD at 10% of total HIVE or less?
I believe they stop printing HBD if it rises higher, until conversions rebalance.
What about the Mechanism that keeps the peg stable? How can we improve the reliability, security and ease of swapping HBD to $1 of HIVE and vice versa? HBD is only a relative measurement to HIVE, $1 worth, at any particular time. It is not exactly pegged to the Dollar, but to HIVE.
If there are any inaccuracies in this post, please comment what they are and let me know what the answers are! Thanks for reading this post about the Hive Dollar.
