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smooth

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@smooth 72
about 17 hours ago
I'm not following it closely. I saw something about a "vote" against the proposal, but I'm not sure if it was a true vote or just a poll on a forum. Anyway, advice remains…
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    @smooth 72
    2 days ago
    Be careful. There is a proposed token distribution, where a lot of it goes to previous UST owners and previous stakers. Understand what you're buying, and also how to make sure…
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      @smooth 72
      3 days ago
      These various projects have always been speculative. And the value of BTC is speculative as well, though BTC itself is about as solid as it gets in crypto, independent of its particular dollar value.
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        @smooth 72
        3 days ago
        To be clear I don't think the 25% fee as presented here is a good idea. My only point is that doing so does not "move the peg" and make no difference, as has been claimed. There…
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          @smooth 72
          4 days ago
          It's apparently going to be forked with an airdrop for people who own the old token, so there is a reason to buy it (at some price) if you think the new version has a chance. I…
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            @smooth 72
            4 days ago
            There's nothing pushing it down to 75 either. It's all speculative value within the band, and currently the band (according to conversions) is 1-1.05. HBD hits the lower bound…
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              @smooth 72
              4 days ago
              UST had burning (conversion). That didn't save it either, so that's not a good argument. With conversion at 75, that would be a hard-ish lower bound, but that isn't the same as…
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                @smooth 72
                4 days ago
                Which is a Safe Retirement Investment plan? Neither. Blockchains are experimental and have inherent risk. Likewise for anything built on top of a blockchain including HBD.…
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                  @smooth 72
                  4 days ago
                  Sure free transactions are super cool, but thats hive and not necessary HBD Well it's both. It IS an advantage of HBD over other stablecoins unless they have some way to do free transactions.
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                    @smooth 72
                    4 days ago
                    You are changing the peg from $1 to $0.75 essentially I don't agree with this because there are other places that the peg applies, such as choosing between 50/50 and 100% HP…
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