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RE: Exchanges Transfers Report | Transfers to and from exchanges by date and accounts by josediccus

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· @josediccus ·
$0.20
The stability in the last two months has been really good, I think a lot of conversion from Hive to HBD will continue I don't exactly know it there will be a downside to this.
👍  
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vote details (1)
@elmerlin ·
$0.25
On chain HIVE to HBD conversions are a good thing. It doesn't really remove "value" from the system as a whole. For one, assuming the HBD is just held in savings, the HIVE is not causing selling pressure on the spot markets. 

The only potential downside is too many people doing this and potentially losing the dollar peg of HBD if we have a drastic drawdown in the price of HIVE. There is a large buffer currently, and I think that threshold is also set to increase in subsequent hardforks. 
👍  ,
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vote details (2)
@josediccus ·
Okay, thanks for that vivid explanation, I wouldn't have even thought about it. Looking at the potential downside, it doesn't seem this might be happening
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